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Shree Renuka Sugars announced that the Allotment Committee of the Board of Directors has, by way of circular resolution dated 8 March 2017, approved the allotment of 1,64,35,338 Equity Shares of face value of Re. 1/- each, at a price of Rs. 16.56 per Equity Share aggregating to Rs. 27,21,69,197.28 to Standard Chartered Bank ('SCB'), one of the JLF Lenders in lieu of and against the conversion of a part of the loans availed by the Co. from SCB.
Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs.92,88,11,242 divided into 92,88,11,242 equity shares having face value Re.1/- each to Rs.94,52,46,580 divided into 94,52,46,580 equity shares having face value of Re.1/- each.
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