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520141 Sibar Auto Parts News Story

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Brief: Sibar Auto Parts Seeks Shareholders' Nod To Raise Authorised Capital To 200 Mln Rupees

Feb 6 (Reuters) - Sibar Auto Parts Ltd  SIAP.BO : 
    * SEEKS SHAREHOLDERS' NOD TO RAISE AUTHORISED CAPITAL TO 200 
MILLION RUPEES 
    * SEEKS SHAREHOLDERS' NOD FOR PREFERENTIAL ISSUE OF SHARES 
TO NON 
PROMOTERS 
    * SEEKS SHAREHOLDERS' NOD FOR  ISSUANCE AND ALLOTMENT OF 
250,000 
WARRANTS ON PREFERENTIAL BASIS 
    * SEEKS SHAREHOLDERS' NOD TO ISSUE SHARES TO PROMOTERS VIA 
CONVERSION OF UNSECURED LOAN OF  16.3 MILLION RUPEES 
    * SEEKS SHAREHOLDERS' NOD TO ISSUE 1.6 MILLION WARRANTS ON 
PREFERENTIAL BASIS TO PROMOTER VIA CONVERSION OF UNSECURED LOAN 
 
Source text: http://bit.ly/2BYVyss 
Further company coverage:  SIAP.BO  
 
 ((Bangalore.newsroom@thomsonreuters.com;))

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