ALSO READGravity grips Kesoram Industries after dismal Q4 earnings Kesoram Industries narrow down net loss to Rs 68.78 crore Kesoram Industries reports standalone net loss of Rs 74.51 crore in the March 2017 quarter Kesoram Q4 net loss at Rs 74 cr JK Tyre eyes over 20 pc market share in two-wheeler segment
Held on 14 June 2017The Board of Kesoram Industries at its meeting held on 14 June 2017 has approved the following -
Allotment of 75,00,000 Equity Shares of face value Rs.10 each to IndusInd Bank arising out of conversion of the existing 7,50,000 Optionally Convertible Preference Shares of Rs.100 each at the stipulated price of Rs.120 per Equity Share owing to exercise of the conversion option by IndusInd Bank.
Acquisition of the Heavy Chemicals Undertaking and the Spun Pipes Undertaking both of which were sold and transferred by the Company during the Financial Year 2015-16.
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