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IL&FS shareholders' nod to fresh equities, Rs 50 mn investment

Press Trust of India  |  New Delhi 

IL&FS Engineering and Construction Company today said its shareholders have approved issuance of over one crore equity and making investment of SAR 30 million (over Rs 50 crore) in

After the notice of postal ballot dated February 10, the members of the company passed certain special resolutions and that include "issuance of up to 10,513,238 equity of Rs 10 each on preferential basis".

It also passed the resolution for "making in Company up to SAR (saudi riyal) 30 million," the company said ina filing.

The resolutions were passed with an overwhelming majority.

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

First Published: Mon, March 20 2017. 22:48 IST