On conversion of preference shares
Prism Informatics announced that the Board of Directors of the Company had approved the following by Circular Resolution dated 15 September 2014 :- Allotment of 26,40,000 Equity Shares of Re. 1/- each at the premium of Rs. 24/- per equity share arising on conversion of 6,60,000 2% Non Cumulative Compulsorily Convertible Preference Shares (NCCP's- Series V) of Rs. 100 each/- at the conversion price of Rs. 25/- determined in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
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