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Outcome of board meeting of Lesha Industries

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Capital Market
Last Updated : May 19 2014 | 11:51 PM IST

Held on 17 April 2014

Lesha Industries announced that the Board of the Company at its meeting held on 17 April 2014, has amended the scheme of demerger of IT division of the Company.

Up on coming into effect this scheme, the issue, subscribed and paid up capital of the demerged Company shall stand reduced from Rs 17.46 crore (dividend into 1,74,69,700 equity shares of Rs 10 each) to Rs 9.43 crore (dividend into 94,33,638 equity shares of Rs 10 each) by cancelling the share capital of Rs 8.03 crore (dividend into 80,36,062 equity shares of Rs 10 each) held by the share holders of the demerged Company.

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First Published: May 19 2014 | 1:56 PM IST

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