Board of Calcom Vision allots 24.31 lakh equity shares under BIFR approved Rehabilitation Scheme

On 04 November 2017

In terms of the Rehabilitation Scheme ('Scheme') approved by Hon'ble Board for Industrial and Financial Reconstruction (BIFR) vide order dated 8 July 2014, 218804 Zero Coupon Compulsorily Convertible Bonds of Rs. 1000/- each were allotted by the Company on 13 August, 2014, convertible into equity shares of the Company of face value Rs. 10/- each at a premium of Rs. 20/-per equity share in accordance with Scheme.

The Board of Calcom Vision at its meeting held on 04 November 2017 approved the allotment of 2431156 equity shares in terms of the scheme.

Consequent to the allotment, the paid up share capital of the company has increased to Rs 8.11 crore comprising of 8112312 equity shares of Rs 10 each.

 

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