On conversion of loans
Bombay Rayon Fashions announced that pursuant to approval obtained from the shareholders in the Extra-Ordinary General Meeting of the Company held on 09 May 2016, the Share Issue Committee of Board of Directors at their meeting held on 03 November 2016, has allotted, in fourth tranche, 2,991,921 equity shares of Rs. 10/- each, at a price of Rs. 165.88 per share to the Lender of the Company on the conversion of Funded Interest Term Loan (FITL) and Working capital term Loan (WCTL) in accordance with SEBI Guidelines for Preferential Issues.Powered by Capital Market - Live News
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