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    Private Placement

    Posted By : SHALU / Published on : 27-Jan-2022 02:04 PM / View : 1186 / Comment : 0

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    Dear All,

    The Company had taken approval of shareholders for issue of shares of private placement 6 months ago and issued an offer letter to the foreign investor Company. However, the Company will receive the share application money from them this week due to inevitable issues with the overseas bank.

    Though the special resolution passed is valid for 12 months, should we issue fresh offer letter or allot shares? Please suggest!

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