Pankaj Piyush Trade & Investment has informed that the board of directors of the company at its meeting held on July 02, 2012, has considered and approved allotment of 20,00,000 compulsory redeemable preference shares of Rs. 10 each at a issue price of Rs. 100 per share (including a premium of Rs. 90 per share) to M/s. Fidelo Power and Infrastructure Limited on preferential basis.
The above information is a part of company's filings submitted to BSE.