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Board of Gokak Textiles approves issue of preference shares

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Capital Market

At meeting held on 23 May 2019

The Board of Gokak Textiles at its meeting held on 23 May 2019 have approved issue of Non-cumulative, Non-convertible, Non-participating, Redeemable Preference Shares of Rs. 10 each aggregating to Rs. 30 crore in one or more tranches on Private Placement basis to the Shapoorji Pallonji and Company, Promoter and / or any other Promoter Group company, subject to approval of the Shareholders of the Company.

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First Published: May 24 2019 | 10:18 AM IST

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