On 9 May 2016
Shakti Pumps (India) will hold a meeting of the Board of Directors of the Company on 9 May 2016 to consider the conversion of 15,00,000 (Fifteen Lacs) Compulsorily Convertible Preference shares of Rs. 100/- each into 16,36,363 (Sixteen Lacs Thirty Six Thousand Three Hundred and Sixty Three) equity shares of Rs. 10/- at a conversion ratio of 1:1.09090 each ranking pari passu with the existing equity shares of the Company and allotment to AFHoldings.Powered by Capital Market - Live News