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| Exchange Received Time 28/03/2017 19:04:05 Exchange Disseminated Time 28/03/2017 19:04:13 Time Taken 00:00:08 | | This is to inform that the Company has redeemed Preference Shares amounting to Rs 530 million out of the proceeds of preferential issue of 99,62,407 equity shares to its Promoter / Promoter Group Please find below the details of preference shares which are redeemed by the Company today: (a) 50,00,000 6% Optionally Convertible Cumulative Redeemable Preference Shares of Rs 100 each amounting to Rs 500 million; and (b) 3,00,000 6% Cumulative Redeemable Preference Shares of Rs 100 each amounting to Rs 30 million Accordingly, after the aforesaid redemption, the Preference Share Capital of the Company stands at Rs 397.50 million This is for your information and records |
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