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Board of Alfa Transformers approve preferential issue of equity shares

Capital Market 

At meeting held on 04 April 2018

The at its meeting held on 04 April 2018 approved the proposal of making Preferential issue of Equity Shares and Warrants to the persons belonging to promoter and non-promoter category to the extent of up to Rs. 11.68/- crores at an issue price of Rs. 33/- per Equity Share/ Warrant or such other price as may be determined in accordance with the provisions of Chapter VII of SEBI (ICDR) Regulations.

The Board of Directors has considered and approved the draft of the notice of the Meeting, which is supposed to be held on 01 May 2018 at 2 P.M.

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

First Published: Wed, April 04 2018. 19:35 IST
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