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Emerald Leisures allots 1 lakh preference shares

Capital Market 

On private placement basis

Emerald Leisures announced that the IPO Committee of the Company at their meeting held on 9 October, 2017 has issued and allotted 1,00,000 NCRPS of face value of Rs. 100/- each on private placement basis to the promoter/ promoter group, Nikhil Vinod Mehta and Kuntal Nikhil Mehta in equal proportionate basis (i.e. 50,000 NCRPS each).

The said Preference are not proposed to be listed on stock exchanges.

In view of the above the issue and allotment, the issued, subscribed and paid-up share capital of the Company has increased from Rs. 7,45,31,000/- comprising of 19,53,100 Equity of face value of Rs. 10/- each and 5,50,000 Non-convertible, Non-cumulative, Redeemable Preference of face value of Rs. 100/- each to Rs. 8,45,31,000/- comprising of 19,53,100 Equity Shares of face value of Rs. 10/- each and 6,50,000 Non-convertible, Non-cumulative, Redeemable Preference Shares of face value of Rs. 100/- each.

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

First Published: Tue, October 10 2017. 20:12 IST