JINDAL STAINLESS LTD. - Updates on Outcome of Board Meeting (EGM on Feb 29, 2016)
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| 03 Feb 2016 | |
| With reference to the earlier letter dated February 02, 2016 regarding Outcome of Board Meeting held on February 02, 2016, Jindal Stainless Ltd has now informed BSE that the Board of Directors has inter alia approved issuance of Cumulative Compulsory Convertible Preference Shares (CCCPS) to the Promoter / Promoter group for an aggregate amount upto Rs. 25 Crore on a private placement basis by way of a preferential allotment in terms of the Asset Monetization and Business Reorganization Plan (AMP), subject to approval of Shareholders and compliance with applicable SEBI Regulations.<BR><BR>In continuation to the above, the Board of Directors of the Company has also convened an Extraordinary General Meeting (EGM) of Shareholders of the Company on February 29, 2016 to seek their approval for the above stated preferential allotment. Inadvertently the Company missed to include this point with respect to the date of EGM in the previous letter. | |
| View all announcements for JINDAL STAINLESS LTD. | Source: BSE India |
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