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Corporate Announcement

Security Code : 532722    Company : NITCO    
 
Outcome of Board Meeting - Allotment of Equity Shares on preferential basis pursuant to CDR Scheme 20 Dec 2013 16:34
Nitco Ltd has informed BSE that pursuant to the terms of the Master Restructuring Agreement dated March 06, 2013 and after obtaining, shareholder's approval under section 81(1A) of the Companies Act, 1956, the Board of Directors at its meeting held on December 20, 2013, has allotted 22099206 equity shares of Rs. 10/- each at an issue price of Rs. 25.20/- each on a preferential basis to M/s. Aurella Estates and Investments Private Limited.

The allotment is subject to the lock-in requirements as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 with regard to the Preferential Issue.
 

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