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TCI Industries allots 1250 0% Non-Convertible Redeemable Preference Shares

Capital Market 

TCI Industries has allotted 1,250, nos. of 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100 each at a premium of Rs. 300 each to ABC India, an entity belonging to the Promoter and Promoter Group of the Company for cash.

As the Company allotted Non-Convertible Redeemable Preference Shares, there is no change in the paid-up equity share capital of the Company.

The said shares shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.

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

First Published: Sat, October 19 2019. 12:18 IST