Tinplate Company of India: Updates on redemption of OCPS

Written By Unknown on Rabu, 02 April 2014 | 18.00

Tinplate Company of India has informed that as per the terms of the Subscription Agreements relating to the unlisted Non-Cumulative Optionally Convertible Preference Shares (OCPS), issued by the Company, 92,61,000 and 6,62,000 OCPS have been partly and fully redeemed respectively on March 31, 2014.

Tinplate Company of India Ltd has informed BSE that as per the terms of the Subscription Agreements relating to the unlisted Non-Cumulative Optionally Convertible Preference Shares (OCPS), issued by the Company, 92,61,000 and 6,62,000 OCPS have been partly and fully redeemed respectively on March 31, 2014.The redemption proceeds have been duly remitted to the OCPS holders as per the terms of the aforesaid Subscription Agreements.Source : BSE

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