At meeting held on 04 August 2015
Kesar Enterprises announced that the Board of Directors of the Company at its meeting held on 04 August 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, 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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