Metroglobal Ltd Recommends Dividend; Announces Allotment Of Equity Shares
Metroglobal Ltd announced that the Board of Directors of the Company at its meeting held on May 30, 2013, inter alia, has recommended INR2 Per share (20% Tax Free) Equity dividend on 15,539,709 equity shares subject to approval of the members at the Annual General Meeting. The Company also announced that the Board considered and approved the allotment of 787,033 equity shares of INR10 each at a premium of INR170 per share on account of conversion of 1,416,660 0.1% Unsecured Convertible Debentures in to equity shares on Preferential Basis to promoter of the Company.
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