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Corporate News
24-Feb-09
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Shree Digvijay Cement to issue & allot preference shares
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To increase authorized share capital
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The members of Shree Digvijay Cement Company have decided to increase the authorized share capital of the company from Rs 150,00,00,000 divided in to 15,00,00,000 equity shares of
Rs 10 each to Rs 250,00,00,000 by creation of 1,00,00,000 compulsory convertible preference shares of Rs 100 each.
The members have accorded the board to issue and allot such numbers of preference shares of the face value of Rs 100 each of the aggregate nominal value not exceeding Rs 100 crore as compulsory convertible into equity shares to Gimpor Inversiones S.A.
This was decided at the extraordinary general meeting held on 24 February 2009.
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