Brand Realty Services Ltd: Board approves Rights Issue

Brand Realty Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 19, 2011, inter alia, approved the following:

Rights issue of Shares and Warrants:-

1. Rights Issue of 3,004,400 Equity Shares of Rs. 10/- each (in the ratio of 1:1) at par aggregating to Rs. 300.44 lakhs.

2. Issue of Share Warrants of Rs. 10/- each (in the ratio of 2:1) at a premium of Rs. 2/- per share aggregating to Rs. 721.06 lakhs.