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Board of Orient Press approves raising of funds

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Capital Market

At meeting held on 17 August 2017

Orient Press announced that the Board of Directors of the Company at its meeting held on 17 August, 2017 has approved subject to the approval of Members in ensuing Annual General Meeting and pursuant to the provisions of Section 62 of the Companies Act, 2013 raising of funds by way of issue of up to 19,25,000 fully paid Equity Shares of face value of Rs. 10/- each at a price of Rs. 60/- each (at a price which is not lesser than the price calculated in accordance with the provisions of ICDR Regulations) on Preferential allotment basis to Promoters and person other than Promoters.

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First Published: Aug 17 2017 | 7:27 PM IST

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