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Birla Precision Technologies withdraws preferential issue of convertible warrants

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Capital Market
Last Updated : Mar 27 2014 | 12:02 AM IST

After board decision on 26 March 2014

Birla Precision Technologies announced that pursuant to the unwillingness of Promoters, namely Asian Distributors and Birla Bombay to subscribe to the proposed issue of convertible warrants to Promoters on preferential basis, the Board has, by circular resolution dated 26 March 2014 decided to withdraw the proposed issue of convertible warrants to above Promoters on preferential basis.

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First Published: Mar 26 2014 | 7:13 PM IST

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