Board of Gokak Textiles approves preferential issue of preference shares

At meeting held on 07 February 2018

The board of Gokak Textiles at its meeting held on 07 February 2018 have approved issue of Non-cumulative, Non-convertible, Non-participating, Redeemable Preference Shares of Rs. 10 each aggregating to Rs. 35 crore in one or more tranches on Private Placement basis to the Shapoorji Pallonji and Company, Promoter and / or any other Promoter Group company, subject to approval of the Shareholders of the Company.

Powered by Capital Market - Live News