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Board of Indostar Capital Finance approves conversion of CCPS into equity shares

Capital Market 

On 26 November 2021

The Board of Indostar Capital Finance has approved the allotment of 1,20,68,966 equity shares of the company to BCP V Multiple Holdings, pursuant to conversion of 1,20,68,966 compulsorily convertible preference shares (CCPS) into equity shares of the company.

Pursuant to the aforesaid allotment, the paid-up equity share capital of the Company stands increased from Rs 1,24,01,03,290 to Rs 1,36,07,92,950.

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

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First Published: Fri, November 26 2021. 16:12 IST