Ushdev International has informed that the board of directors of the company at its meeting held on August 30, 2012, has approved the allotment of 44,23,600 equity shares of Rs. 10 each at a premium of Rs. 290 per share to Oxley Securities No 2 PTE Limited.
Further, the shareholders had approved the issue of 44,23,600 equity shares of Rs. 10 each at a premium of Rs. 290 per share to Oxley Securities No 2 PTE Limited on preferential basis at the 18th annual general meeting held on August 30, 2012.
The above information is a part of company's filings submitted to BSE.
