USG Tech Solutions has informed that a meeting of the board of directors of the company will be held on November 20, 2012, to consider and approve, allotment of 34,63,410 equity shares of Rs. 10 each at an issue price of Rs. 13.00 each to M/s. RIS Group Ltd, New Zealand (a non-promoter entity), on preferential basis.
The above information is a part of company’s filings submitted to BSE.