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Outcome of board meeting of Sunil Hitech Engineers

Capital Market 

Held on 12 May 2017

Engineers announced that the Board of Directors of the Company at its meeting held on 12 May 2017 has approved the following -

Increase in authorised capital from Rs 60 crore to Rs 80 crore.

Issue of 12.40 crore convertible warrants on preferential basis to promoters and non-promoters.

To raise funds up to Rs 250 crore through rights issue, private placement, ADRs, GDRs, FCCBs.

Shifting of Registered office to 72, 7-Floor, Plot 15-A, Sagar Tarang CHS, Khan Abdul Gaffar Khan Marg, Worli Seaface, Worli Colony, Mumbai - 400 030.

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Outcome of board meeting of Sunil Hitech Engineers

Held on 12 May 2017

Held on 12 May 2017

Engineers announced that the Board of Directors of the Company at its meeting held on 12 May 2017 has approved the following -

Increase in authorised capital from Rs 60 crore to Rs 80 crore.

Issue of 12.40 crore convertible warrants on preferential basis to promoters and non-promoters.

To raise funds up to Rs 250 crore through rights issue, private placement, ADRs, GDRs, FCCBs.

Shifting of Registered office to 72, 7-Floor, Plot 15-A, Sagar Tarang CHS, Khan Abdul Gaffar Khan Marg, Worli Seaface, Worli Colony, Mumbai - 400 030.

Powered by Capital Market - Live News

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Outcome of board meeting of Sunil Hitech Engineers

Held on 12 May 2017

Engineers announced that the Board of Directors of the Company at its meeting held on 12 May 2017 has approved the following -

Increase in authorised capital from Rs 60 crore to Rs 80 crore.

Issue of 12.40 crore convertible warrants on preferential basis to promoters and non-promoters.

To raise funds up to Rs 250 crore through rights issue, private placement, ADRs, GDRs, FCCBs.

Shifting of Registered office to 72, 7-Floor, Plot 15-A, Sagar Tarang CHS, Khan Abdul Gaffar Khan Marg, Worli Seaface, Worli Colony, Mumbai - 400 030.

Powered by Capital Market - Live News

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22