Board of RCI Industries & Technologies allots 5.60 lakh CCDs

At meeting held on 31 March 2018

The Board of RCI Industries & Technologies at its meeting held on 31 March 2018 has approved the allotment of 5,60,000 Unsecured Zero Coupon Compulsorily Convertible Debentures of Rs. 900/- each for an aggregate amount of Rs. 50.40 crore, by way of a preferential allotment on private placement basis, which shall be converted into Equity Shares of Rs. 225/- each (1 CCD = 4 Equity Shares) on or before completion of 18 months from the date of their allotment viz. 31 March 2018.

Powered by Capital Market - Live News