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TCI Industries allots 2,500 redeemable preference shares to Promoter Group

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TCI Industries has allotted 2,500, nos. of 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to Chander Agarwal, an individual 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: Thu, September 12 2019. 16:15 IST
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