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Outcome of board meeting of Mayur Uniquoters

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Capital Market

Held on 30 April 2014

Mayur Uniquoters announced that the Board of Directors of the Company at its meeting held on 30 April 2014, interalia, have allotted 14,86,000 compulsory convertible participating preference shares of face value of Rs 400 each at a price of Rs 471.06 including a premium of Rs 71.06 to Westbridge crossover fund LLC, where as the each CCPPS will be convertible into 2 equity shares of face value of Rs. 5 each at the price of Rs. 235.53 including a premium of Rs 230.53 per equity shares, as per approval accorded by the [shareholders of the Company in the Extra ordinary General meeting held on 18 April 2014.

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First Published: Apr 30 2014 | 8:34 PM IST

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