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Board of Arshiya allots equity shares on preferential basis under CDR scheme

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Capital Market

At meeting held on 24 December 2014

Arshiya announced that the Board of Directors of the Company at its meeting held on 24 December 2014, allotted 1,00,00,000 equity shares of face value of Rs. 2/- each on preferential basis, in terms of approval of shareholders accorded vide Special Resolution passed on 12 May 2014, by way of Postal Ballot and pursuant to the scheme of the Corporate Debt Restructuring Scheme (including any modification re-notification) approved by the CDR Empowered Group, to the Promoter Archana A. Mittal.

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First Published: Dec 24 2014 | 6:43 PM IST

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