At meeting held on 16 March 2021
The Board of Punjab Alkalies & Chemicals at its meeting held on 16 March 2021 has considered that the requirement of fund raised by the Company is now proposed to be raised through the preferential allotment and therefore the Company will not proceed ahead with the proposed rights issue, as earlier decided by the Board.The Board has approved the allotment of up to 54 lakh equity shares at issue price of Rs 60 per share on preferential basis.
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