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Outcome of board meeting of Alfa Transformers

Capital Market 

Held on 18 May 2017

announced that the Board of Directors of the Company at its meeting held on 18 May 2017 approved the following -

Allotment of 6,49,412 Equity Shares of face value of Rs. 10/- each, pursuant to conversion of Fully Convertible Warrants.

The proposal of making Preferential issue of upto 4,40,000 Fully Convertible Warrants each to the persons belonging to Promoter Category and Non- Promoter Category.

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

First Published: Thu, May 18 2017. 19:21 IST