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Board of Sterling Guaranty & Finance approves reduction in capital and rights issue

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Capital Market
Last Updated : Sep 06 2017 | 12:06 AM IST

At meeting held on 05 September 2017

Sterling Guaranty & Finance announced that the Board of Directors of the Company at its meeting held on 05 September 2017 has approved reduction of face value of existing equity shares of the Company from Rs 10 to Re 1 per share. The Board also approved 6 rights equity shares of Re 1 each. Promoters agreed to subscribe minimum Rs 3 crore rights issue.

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First Published: Sep 05 2017 | 8:22 PM IST

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