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Board of Mukand allots preference shares to promoter entities

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Capital Market

At meeting held on 24 September 2019

The Board of Mukand at its meeting held on 24 September 2019 has approved the allotment of 56,26,320, 8% Cumulative Redeemable Preference Shares of face value of Rs. 10 each ('8 % CRPS') on a private placement basis to the promoter entities. Proceeds raised through issue of shares above shall be used for redemption of 1st instalment of Rs 2 per 0.01% Cumulative Redeemable Preference Shares of face value of Rs 10 each.

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First Published: Sep 25 2019 | 3:42 PM IST

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