Board of VHCL Industries approves allotment of shares on conversion of loan

At meeting held on 16 January 2015

VHCL Industries announced that the Board of Directors of the Company at its meeting held on 16 January 2015 have allotted 2,57,50,000 equity shares of Rs. 2/- (Rupees Two only) each fully paid up, to the Investors who are Non Promoters, on conversion of outstanding Unsecured Loan into Equity Shares, at a price of Rs.6 /- (Rupees Six only) per share which shall rank pari passu with existing equity shares.

Powered by Capital Market - Live News