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| Exchange Disseminated Time | West Coast Paper Mills Ltd has informed BSE that the Committee of Board of Directors have allotted on March 30, 2009, 65,00,000 (Sixty Five Lakhs) Cumulative Redeemable Non-Convertible Preference Shares ("the CRNCPS) of a face value of Rs 100/- each amounting to Rs 65,00,00,000/- (Rupees Sixty Five Crores only) to IFCI Ltd., New Delhi, on private placement basis.
The CRNCPS will carry a coupon rate of 8.5% p.a. and will be redeemable at the end of 5 years i.e., on March 29, 2014. However, the Company has an option to redeem the CRNCPS in full or part after one year from the date of allotment. |
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