Corporate News     17-Aug-12
Punjab Chemicals & Crop Protection to issue fully convertible debentures
On preferential allotment basis
The committee of Punjab Chemicals & Crop Protection in its meeting on 16 August 2012 has approved the proposal to issue 30 lakh zero coupon unsecured fully convertible debentures on a preferential allotment basis to Gowal Consulting Services, Mumbai at a price of Rs 100 per subscription security to be converted into equity shares of Rs 10 each at a premium of Rs 90 per share.

Further, the committee has decided to convene extraordinary general meeting on 12 September 2012 to seek the approval on the aforesaid preferential issue.

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