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Board of Indostar Capital Finance approves conversion of CCPS into equity shares

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Capital Market
Last Updated : Nov 26 2021 | 11:50 PM IST

On 26 November 2021

The Board of Indostar Capital Finance has approved the allotment of 1,20,68,966 equity shares of the company to BCP V Multiple Holdings, pursuant to conversion of 1,20,68,966 compulsorily convertible preference shares (CCPS) into equity shares of the company.

Pursuant to the aforesaid allotment, the paid-up equity share capital of the Company stands increased from Rs 1,24,01,03,290 to Rs 1,36,07,92,950.

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First Published: Nov 26 2021 | 4:12 PM IST

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