Sujana Universal Industries Ltd has announced that pursuant to the resolution passed by the board of directors of the Company in its meeting held on July 28, 2008 and special resolution passed by postal ballot by the members of the Company on December 19, 2008, the Company invested an amount of Rs 16.45 Crores in 13,16,000 equity shares of Rs 10/- each at a premium of Rs 115/- per share in equity share capital of M/s. Futuretech Industries Ltd, Hyderabad and consequent thereto, the Company is having 42.77% of equity share capital of M/s. Futuretech Industries Ltd as on date.
The allotment advice for the said investment was received by the Company on January 31, 2009 from Futuretech Industries Ltd.
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