Shiva Cement board to issue 10m warrants

Shiva Cement board to issue 10m warrants
Published: 22 April 2010

Shiva Cement said on Wednesday that the board of directors of the company will meet on April 29 to issue 10 million warrants to the promoter group at INR11/share totaling INR11 crore.

In a filing to the Bombay Stock Exchange, the company said the board would also consider the proposal for setting up a 25MW captive power plant, the filing added.

It would also review the ongoing capacity expansion plan and would appoint Vivek Chawla as nominee director of ACC on the board.