Board of Sterling Guaranty & Finance approves reduction in capital and rights issue

Capital Market 

At meeting held on 05 September 2017

& announced that the Board of Directors of the Company at its meeting held on 05 September 2017 has approved reduction of face value of existing equity shares of the Company from Rs 10 to Re 1 per share. The Board also approved 6 rights equity shares of Re 1 each. Promoters agreed to subscribe minimum Rs 3 crore rights issue.

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First Published: Tue, September 05 2017. 20:22 IST