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Board of Gokak Textiles approves preferential issue of preference shares

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Capital Market

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.

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First Published: Feb 07 2018 | 6:38 PM IST

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