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| Exchange Received Time 24/10/2017 11:49:21 Exchange Disseminated Time 24/10/2017 11:49:24 Time Taken 00:00:03 | The Company wishes to inform you that the Board of Directors of the Company, at their meeting held on Tuesday, 24th October, 2017 at 11:00 A.M. has ratified the decision taken by the IPO Committee at their various meetings held for issue and allotment of 15,50,000 Non-convertible, Non-cumulative, Redeemable Preference Shares of face value of Rs. 100/- each on private placement basis to the promoter/ promoter group.
The said Preference Shares are not proposed to be listed on any Stock Exchange.
In view of the above issue and allotment, the issued, subscribed and paid-up share capital of the Company has increased from Rs. 1,95,31,000/- comprising of 19,53,100 Equity Shares of face value of Rs. 10/- each to Rs. 17,45,31,000/- comprising of 19,53,100 Equity Shares of face value of Rs. 10/- each and 15,50,000 Non-convertible, Non-cumulative, Redeemable Preference Shares of face value of Rs. 100/- each.
We request to you take the same on record and acknowledge the receipt of the same. |
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