Corporate News 10-Apr-10
Jai Mata Glass allots equity shares
On preferential basis
The board of Jai Mata Glass in its meeting on 07 April 2010 has approved to allot 35,00,000 equity shares of Re 1 each to Chander Mohan Marwah (promoter), on preferential basis, for redemption of 35,000 cumulative optionally convertible redeemable preference shares (COCRPS) of Rs 100 each issued to Industrial Development Bank of India Ltd in accordance with the Order of Hon'ble Board for Industrial and Financial Reconstruction dated April 10, 2006, whereby the Rehabilitation Scheme was sanctioned by the Hon'ble BIFR.
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