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| Exchange Disseminated Time | Kesar Enterprises Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2015, inter alia, has transacted the following:
- Approved conversion of 1,69,092 Optionally Convertible Preference Shares (OCPS) amounting to Rs. 16,90,920/- into 80,520 Equity Shares of Rs. 10/- each at a price of Rs. 21/- per share (including premium of Rs. 11/-) as per details given here under:
- Name of Allottees - Seel Investment Pvt Ltd., Promoter Group
- No. of OCPS held - 1,69,100
- Option exercised to convert OCPS into Equity Share - 1,69,092
- No. of Equity Shares allotted on conversion of OCPS - 80,520 |
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