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PANAMA PETROCHEM LTD. - Price fixing of the GDR Issue - Circular Resolution

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Panama Petrochem Ltd has submitted to BSE a copy of the resolution passed by the Board of Directors of the Company in its meeting held through circulation dated July 15, 2011, for price fixing of the GDR issue. The price for the underlying Equity Shares be fixed at Rs.253.68 per Equity Share as per Press Release of Finance Ministry issued on November 21, 2008.


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