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| Exchange Disseminated Time 26/09/2016 14:25:08 | Kirloskar Electric Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 26, 2016, has approved the conversion of 818,405 Compulsorily Convertible Preference Shares (CCPS) of Rs. 100/- each and allotted 2,688,583 Equity Shares of Rs. 10/- at a premium of Rs. 20.44/- per share to Mr. Vijay R Kirloskar, Promoter.
This was the second & final conversion of CCPS according to the terms of its issue.
Time of Commencement of meeting : 1.30 P.M.
Time of Conclusion of meeting : 2.00 P.M. |
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