Corporate News 01-Aug-09
Andhra Pradesh Paper Mills to issue equity shares
On rights basis
The board of Andhra Pradesh Paper Mills has approved issue of 70,18,242 equity shares of Rs 10 each at a premium of Rs 40 per share in the ratio of 3:11 aggregating to Rs 35,09,12,100 on rights basis to the equity shareholders of the company along with equivalent number of warrants in the ratio of 1:1 to each equity share allotted in the rights issue to be converted into equity shares at Rs 50 per share.
This was decided at the board meeting held on 31 July 2009.
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