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Board of Shilpi Cable Technologies approves preferential allotment of warrants to Shilpi Cables

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At meeting held on 13 October 2015

Shilpi Cable Technologies announced that the Board of Directors of the Company at its meeting held on 13 October 2015, inter alia, have considered and approved the Preferential allotment of 1,50,00,000 convertible warrants at an issue price of Rs. 60/- each to Shilpi Cables, a promoter group company upon receipt of 25% consideration, in terms of the resolution of shareholders passed at the Annual General Meeting held on 30 September 2015.

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First Published: Oct 13 2015 | 2:07 PM IST

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