NCC LIMITED - Board approves Right Issue of Equity Shares

NCC Limited - Board approves Right Issue of Equity Shares

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09 Apr 2014
NCC Ltd has informed BSE that subject to the requisite statutory and regulatory approvals and other consents / approvals as may be necessary, the Board of Directors at its meeting held on April 09, 2014 approved raising of funds upto an amount of Rs. 650 Crores through Rights Issue of equity shares to the existing members of the Company The terms and conditions of the Rights Issue including the rights entitlement ratio, the issue price, issue size, record date, timing of the Rights Issue and other related matters shall be decided subsequently by the Board / a duly constituted Committee of the Board in consultation with the lead managers to the Rights Issue. The Board had also accorded inprinciple approval for increasing the Authorized Share Capital from Rs. 60 Crores to Rs. 150 Crores.
View all announcements for NCC Limited	Source: BSE India

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