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ARSS Infrastructure Projects allots 78.94 lakh equity shares

Capital Market 

Under CDR scheme

ARSS Infrastructure Projects announced that the Share Allotment Committee of Board of Directors of the company at their meeting on 9 August, 2017 considered and approved the allotment of 78,94,736 equity worth Rs. 60,00,00,000/- (Rs. Sixty Crores only) i.e @ Rs. 76/- per share on preferential basis to the promoters and their associates in accordance with the approved Corporate Debt Restructuring Scheme.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)