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| Exchange Disseminated Time | Uttam Sugar Mills Ltd has informed BSE that the Board of Directors of the Company in their meeting held on May 30, 2012, have issued and allotted 75,000 10% Redeemable Cumulative Preference Shares of Rs. 100/- each aggregating to Rs. 75,00,000/- at a premium of Rs. 100/- per share aggregating to Rs. 75,00,000 totalling Rs. 1,50,00,000/- (Rupees One Crores Fifty Lacs Only) to the entities forming part of Promoter group. Consequently, with effect from May 30, 2012, the Issued and Subscribed Preference Share Capital of the Company stand increased to;
1. Rs. 50,00,00,000/- divided into 50,00,000 6.5% Redeemable Cumulative Preference Shares of Rs. 100/- each issued at par - Series - I.
2. Rs. 19,17,50,000/- divided into 19,17,500 10% Redeemable Cumulative Preference Shares of Rs. 100/- each issued at a premium of Rs. 100/- per share - Series - II. |
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