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| Exchange Disseminated Time | Frontier Leasing & Finance Ltd has informed BSE that the Allotment Committee of the Company in its meeting held on March 13, 2015, has issued and allotted 1,16,000, 0.010% Non Convertible Redeemable Preference Shares (NCRPS) of Rs. 1,000/- each for cash at par to M/s. Inimitable Capital Finance Private Limited, promoter of the Company in compliance with the provisions of Section 42 of the Companies Act, 2013 and Rule 14(1) of the Companies (Prospectus and Allotment of Securities) Rules, 2014.
After this allotment, the status of the issued and paid capital of the Company is as follows:
Equity Shares:- Rs. 24,50,000/- divided into 2,45,000 Equity Shares of Rs. 10/- each
Preference Shares: Rs. 14,00,00,000, divided into 1,40,000, 0.010% Non Convertible Redeemable Preference Shares (NCRPS) of Rs. 1,000/- each. |
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