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Emami Paper Mills allots preference shares on preferential basis

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Capital Market

On 17 September 2014

Emami Paper Mills announced that the Preference Share Committee of the Company at its meeting held on 17 September 2014, has considered applications for issue of 11,25,000 Nos., 8% Cumulative Redeemable Non-Convertible Preference shares of Rs. 100/- each at a premium of Rs. 300/- aggregating to Rs. 45.00 crore to the Promoters on preferential basis and allotted the Preference Shares to the Promoters on preferential basis as per Private Placement Letter of Offer dated 10 September 2014.

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First Published: Sep 17 2014 | 8:17 PM IST

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