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Monnet Ispat And Energy Ltd Announces Allotment Of Shares

Thursday, 25 Apr 2013 07:12am EDT 

Monnet Ispat And Energy Ltd announced that consequent to requisite resolutions having been passed by the shareholders in the extra-ordinary General Meeting held on March 16, 2013, whereby the Capital Clause of the Memorandum of Association was amended to reclassify the share capital and increase of authorized capital and authority u/s 81 (1A) was obtained for allotment of preference shares, the duly authorized Committee of the Board, in its meeting held on March 30, 2013, has made allotment of 17,500,000 Cumulative Redeemable Preference Shares (CRPS) of INR100 each. The Preference shares are not convertible and shall have a maturity period of nine years. 

Company Quote

-0.9 -1.45%
30 Jan 2015