You are here: Home » News-CM » Companies » News
Business Standard

Agenda for board meeting of The Investment Trust of India

Capital Market 

To be held on 31 December 2020

The Board of The Investment Trust of India will meet on 31 December 2020 to consider the following:

1) Taking on record the Order passed by NCLT Mumbai bench for approval of Scheme of Arrangement between United Petro Finance and Fortune Credit Capital and The Investment Trust of India and their respective shareholders;

2) Issue and allotment of 4,96,500 equity shares of Rs. 10/- each fully paid to the shareholders of United Petro Finance as per Scheme;

3) Issue and allotment of 7,32,000 Optionally Convertible Preference Shares (OCPS) of Rs. 325/- each fully paid to the shareholders of United Petro Finance on the terms as per Scheme;

4) Issue of Corporate Guarantee of Rs. 50.00 cores to Aditya Birla Finance

5) Acquisition of equity shares of United Petro Finance from existing members in one or more tranches.

6) Taking on record the resolutions passed through circular

7) Reconstitution of committees

8) Other items as per agenda

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, December 28 2020. 09:18 IST