Prism Informatics allots equity shares
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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