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Friday, November 21, 2008

Transoceanic Properties to increase authorized capital

The members fo Transoceanic Properties have approved to increase the authorized share capital from Rs 50,00,000 to Rs 6,50,00,000.

The members have accordedto issue bonus shares in ratio of 20:1 (20 bonus shares will be issue for existing one equity share).

This was approved at the board meeting held on 20 November 2008.

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