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INDIA'S LUMAX TO ALLOT 1 MLN SHARES TO STANLEY ELECTRIC.

AsiaPulse News

| April 02, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, April 2 Asia Pulse - Auto ancillar maker Lumax Industries (BSE:517206) plans to allot up to one million shares on preferential basis to one of its foreign promoters - Stanley Electric Company Ltd.

The company on Friday informed the Bombay Stock Exchange it will seek shareholders' consent for the proposed allotment of equity shares to Stanley Electric of Japan.

The Japanese company ...

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