At meeting held on 31 March 2015
Prime Urban Development India announced that upon the receipt of money and request letters from all the allottees mentioned in the Postal Ballot Notice dated 10 September 2013 for the allotment of equity shares of the company in lieu of convertible warrants allotted to them on 29 October 2013, the Board of Directors in their meeting held on 31 March 2015 have approved and allotted 39,00,000 equity shares to the promoters/ promoters group of the Company pursuant to conversion of 39,00,000 Convertible Warrants of face value of Rs. 2/- each, issued at a price of Rs. 5/- each, on private placement basis and authorized the Directors to complete the process with BSE Ltd., NSDL, CDSL and ROC for listing of shares.Post-allotment, the issued, subscribed and Paid-up equity share capital of the Company stands increased to Rs. 532.87 lacs divided into 2,66,43,600 equity shares of face value of Rs. 2/- each fully paid up.
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