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Gujarat Foils approves reclassification of share capital

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Capital Market

To Rs 50 crores

Gujarat Foils announced that its board of directors in the meeting held on 12 February 2014 have approved to re-classify the authorized share capital of the company to Rs 50 crores divided into 2,50,00,000 equity shares of Rs 10 each and 2,50,00,000 preference shares of Rs 10 each and issuance of upto 2,50,00,000 redeemable preference shares of Rs 10 each at par or at a premium to promoters and other private parties.

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First Published: Feb 13 2014 | 11:31 AM IST

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