Reliance Chemotex approves early redemptions of existing preference shares of Rs 3.25 cr

Tue, Feb 12, 2013 at 16:16

Reliance Chemotex Industries at its meeting held on February 12, 2013 has approved the early redemptions of existing Preference Shares of Rs 3.25 crore as per the Terms & Conditions in the sanction letter of State Bank of India.

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Reliance Chemotex approves early redemptions of existing preference shares of Rs 3.25 cr

Reliance Chemotex Industries at its meeting held on February 12, 2013 has approved the early redemptions of existing Preference Shares of Rs 3.25 crore as per the Terms & Conditions in the sanction letter of State Bank of India.

Like this story, share it with millions of investors on M3

Reliance Chemotex approves early redemptions of existing preference shares of Rs 3.25 cr

Reliance Chemotex Industries at its meeting held on February 12, 2013 has approved the early redemptions of existing Preference Shares of Rs 3.25 crore as per the Terms & Conditions in the sanction letter of State Bank of India.

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Reliance Chemotex Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2013, inter alia, has approved :1. Approval for the early redemptions of existing Preference Shares of Rs. 3.25 Crores as per the Terms & Conditions in the sanction letter of State Bank of India.2. Approval for allotment of Preference Shares of Rs. 6.25 Crores as per the Terms & Conditions in the sanction letter of State Bank of India for a period of 20 years.3. Approval for allotment of 1,80,000 Equity Shares of Rs. 10 each to Promoters, their relatives & Associate companies at a price under SEBI norms before March 31, 2013.4. To call Extra Ordinary General Meeting to approve allotment of 1,80,000 Equity Shares of Rs. 10 each alongwith premium as prescribed under SEBI norms to Promoters, their relatives & Associate companies u/s 81 (1A) and other provisions of the Companies Act, 1956.Source : BSE

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