The board of Transgene Biotek has approved the allotment of 7,50,000 equity shares of Rs 10 each at Rs 80 per equity share on preferential basis to K K Rao, promoter of the company against conversion of interest free unsecured loans brought in by K K Rao and family.
This was approved at the board meeting held on 31 October 2008.
Indian Stock market
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