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Board of Prakash Constrowell approves rights issue

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Capital Market

At meeting held on 30 May 2017

Prakash Constrowell announced that the Board of Directors of the Company at its meeting held on 30 May 2017 has approved further issue of shares through Rights issue of equity shares aggregating to not more than Rs. 48.50 crore in accordance with SEBI (ICDR) Regulations and other applicable law subject to the approval of the Members of the Company through postal ballot by way of passing special resolution under Section 42 and 62 of the Companies Act, 2013 and other necessary regulatory approval.

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First Published: May 31 2017 | 12:04 PM IST

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