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Board of SVP Housing allots 7.5 lakh equity shares on conversion of loan

Capital Market 

At meeting held on 17 June 2017

SVP Housing announced that the Board of Directors of the Company at its meeting held on 17 June 2017 has taken the following decision -

The Company has issued and allotted 750,000 equity on preferential basis of Rs 10 each at a price of Rs 42 per share to Promoter - SVP Builders (India) against conversion of part of their loan amount of Rs 3.15 crore.

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

First Published: Mon, June 19 2017. 11:28 IST