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| Exchange Disseminated Time 25/01/2017 14:15:39 | Murudeshwar Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 25, 2017, has approved the following :
1. The Board of Directors have decided to allot 21,40.000 Equity Shares and 46,20,000 Convertible Share Warrants to Murudeshwar Power Corporation Limited in one or more trenches to the Promoter's group of company on preferential basis subject to approval of the members in the Extra Ordinary General Meeting. The pricing of the said Equity shares/ Convertible share warrants shall be fixed as per Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations.
2. The Board of Directors have decided to conduct an Extra Ordinary General Meeting on March 01, 2017 at Hubli for obtaining the approval of members for the above said allotment. |
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