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Outcome of board meeting of Frontier Capital

Capital Market 

Held on 10 July 2019

The Board of Frontier Capital at its meeting held on 10 July 2019 has approved the following -

1. Variation in the terms of existing 0.01% Non-Convertible Redeemable Preference Shares to Compulsory Convertible Preference Shares (CCPS) which will be subject to conversion into Equity Shares with immediate effect.

2. Issue and allotment of fresh Equity Shares upto Rs. 2,50,00,000 to Company's one of the promoters i. e. Inimitable Capital Finance on a preferential basis.

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

First Published: Thu, July 11 2019. 10:05 IST
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