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| Exchange Disseminated Time 12/04/2016 15:57:48 | Rajshree Sugars & Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on
April 29, 2016, inter alia, to consider the following subject;
- Preferential allotment of 17,66,429 equity shares at a price of Rs. 28/- each (including a premium of Rs.18/-) to Ms.Rajshree Pathy, Chairperson and Managing Director and 14,28,571 equity shares at a price of Rs.28/- each (including a premium of Rs.18/-) to M/s.RSCL Properties Private Limited. The aforesaid shares will be issued after necessary approvals, by converting the unsecured loan of Rs.4,94,60,000/- brought-in by Ms.Rajshree Pathy and Rs.4,00,00,000/- brought in by M/s.RSCL Properties Private Limited as promoters’ contribution under CDR Scheme.
The aforesaid allotment will be subject to approval of the shareholders for the CDR Scheme and Preferential issue of equity shares. |
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