On private placement basis
Upper Ganges Sugar & Industries announced that the Company has allotted 30,00,000 (Thirty lakh) Non Convertible Cumulative Redeemable Preference Shares having face value of Rs. 100/- each on 25 September 2014 on private placement basis to Chambal Fertilizers & Chemicals.Pursuant to such allotment, the paid up share capital of the Company has been increased from Rs. 11,55,72,390/- to Rs. 41,55,72,390/- divided into 1,15,57,239 Equity Shares of Rs. 10/- each and 30,00,000 - 12% Non Convertible Cumulative Redeemable Preference Shares of Rs. 100/- each pursuant to allotment of 30,00,000 - 12% Non Convertible Cumulative Redeemable Preference Shares of Rs. 100/- each.
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