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MANGALORE REFINERY & PETROCHEMICALS LTD. - Outcome of Board Meeting
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24 Feb 2015
With reference to the intimation on acquisition of major stake in OMPL, dated February 09, 2015, Mangalore Refinery and Petrochemicals Ltd has informed BSE that, ONGC Mangalore Petrochemicals Limited (OMPL) has offered 101,99,74,500 number of equity shares on rights basis at Rs. 14.20 per share to all its existing shareholders in proportion to their respective shareholding. Accordingly, MRPL has been offered 45,89,88,525 number of rights shares at Rs. 14.20/- per share.&lt;BR&gt;&lt;BR&gt;The Board of MRPL, at its 195th meeting held on February 24, 2015, has approved for subscribing to the entire rights offer made by OMPL, including MRPLs portion of rights shares at Rs. 14.20/- per share.&lt;BR&gt;&lt;BR&gt;MRPL will be holding controlling stake in OMPL, consequent upon the allotment of rights shares subscribed by MRPL.
View all announcements for MANGALORE REFINERY & PETROCHEMICALS LTD. Source: BSE India