Taneja Aerospace approves issue of equity shares to Merrill Lynch

Taneja Aerospace & Aviation has approved the issue of 23,50,000 equity shares of Rs 5 each at a price of Rs 155 per share to Merrill Lynch Capital Markets Espana S.A. S.V. on preferential basis.

The meeting of the committee of directors of the company is convened on Dec. 19, 2006, to consider the allotment of equity shares in pursuance of aforesaid resolution.

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