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Board of Prabhat Telecoms (India) allots equity shares on conversion of loan

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Capital Market
Last Updated : Jan 22 2018 | 12:31 PM IST

At meeting held on 22 January 2018

Prabhat Telecoms (India) announced that the Board of Directors of the company at its meeting held on 22 January 2018 transacted the following -

Allotted 11,41,772 equity shares at an issue price of Rs 150 per share on preferential basis on conversion of loan. The paid up equity share capital, consequently, has increased to Rs 9.45 crore comprising of 9456572 equity shares of Rs 10 each.

Appointment of Naysaa Securities as the market maker of the company with effect from 01 February 2018.

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First Published: Jan 22 2018 | 11:52 AM IST

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