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Board of TCI Industries allots -Convertible Redeemable Preference Shares (NCRPS)

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Capital Market
Last Updated : Apr 30 2018 | 12:31 PM IST

At meeting held on 30 April 2018

The Board of TCI Industries at its meeting held on 30 April 2018 has issued and allotted 1,250, 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to Kanika Agarwal, person belonging to the Promoter and Promoter Group of the Company for cash.

As the Company allotted Non-Convertible Redeemable Preference Shares, there is no change in the paid-up equity share capital of the Company. The said shares shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.

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First Published: Apr 30 2018 | 12:02 PM IST

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