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Board of Tayo Rolls approves allotment of 1.25 crore preference shares to Tata Steel

Capital Market 

At meeting held on 19 April 2017

announced that the Board of Directors of the company at its meeting held on 19 April 2017 has approved the following -

To increase authorised capital from Rs 350 crore dividend into 1.50 crore equity of Rs 10 each and 3.35 crore redeemable preference of Rs 100 each to Rs 455 crore dividend into 1.50 crore equity of Rs 10 each and 4.40 redeemable preference of Rs 100 each by creation of Rs 1.05 crore redeemable preference of Rs 100 each.

To alter the MoA and AoA of the company.

To allot 1.25 crore non cumulative redeemable preference of Rs 100 each to on preferential basis.

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

First Published: Wed, April 19 2017. 15:44 IST
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