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Priti Mercantile Company approves increase in authorized capital

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Capital Market

On 27 January 2014

Priti Mercantile Company announced that the directors in board meeting held on 27 January 2014 have approved increase in authorized share capital from Rs 15 crores to 25 crores and issuance of 500000 warrants convertible into equal number of equity shares of face value of Rs 5 each on preferential basis to the promoters and other investors at price of Rs 500 (including a premium of Rs 495) subject to the consent of shareholders of the company.

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First Published: Jan 28 2014 | 11:03 AM IST

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