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Outcome of board meeting of Patel Engineering

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Capital Market

Held on 19 March 2014

Patel Engineering has announced that the Board of Directors of the Company at its meeting held on 19 March 2014, inter alia, approved constitution of Allotment Committee consisting of four Directors viz. K Kannan, Chairman of the Committee, Khizer Ahmed, S Jambunathan and Sharad Zalawadia, members of the Committee, for considering allotment of optionally convertible preference shares (OCPS) and equity shares as and when the option is exercised by the proposed OCPS holders.

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First Published: Mar 19 2014 | 8:06 PM IST

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