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 Corporate - Preferential Allotments


PSI Data Systems allots pref shares to Indian Rayon

Our Bureau

Mumbai , Oct. 17

PSI Data Systems has allotted cumulative redeemable preference shares and issued these to Indian Rayon and Industries Ltd (holding company).

This is pursuant to a special resolution passed at the company AGM held on September 12 this year, informed a company notification to the BSE.

The seven per cent cumulative redeemable preference shares of Rs 100 each for cash at par has been issued to Indian Rayon with deemed date of allotment of September 24, the notification said.

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