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| Exchange Disseminated Time | Rajshree Sugars & Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2016, have allotted the equity shares to the promoters of the company as detailed below:
1. 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
2. 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 are allotted 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 the Corporate Debt Restructuring Scheme.
The shares allotted shall rank pari passu, in all respects, with the existing equity shares of the Company. |
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