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| Exchange Disseminated Time 09/08/2016 16:57:25 | Nitesh Estates Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 09, 2016, inter alia, have approved the following:
1 .The increase in authorised capital to Rs. 500,00,00,000 (Rupees Five Hundred Crores only) divided into 50,00,00,000 (Fifty Crores) equity shares of Rs. 10 (Rupees Ten Only) each subject to shareholders approval at the general meeting. As a result the Clause V of the Memorandum of Association of the Company will be altered.
2. The investment in 5,100 equity shares of Orange Self Storage Private Limited (OSSPL) resulting in OSSPL becoming 51% subsidiary of the Company. |
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