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Board of Polo Hotels allots equity shares on conversion of preference shares

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Capital Market

At meeting held on 09 December 2016

Polo Hotels announced that the Board of Directors of the Company at its meeting held on 09 December 2016 approved allotment of 88,88,889 equity shares of Rs 10 each amount to Rs 8.88 crore being addition to the paid up capital of the Company post conversion of compulsorily convertible preference shares of Rs 10 each to the promoters of the Company.

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First Published: Dec 09 2016 | 4:31 PM IST

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