Financial Daily from THE HINDU group of publications
Saturday, Dec 13, 2003
Financial Daily from THE HINDU group of publications Saturday, Dec 13, 2003 |
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Corporate
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Announcements Ester shareholders' meet on Jan 5 Our Bureau
Mumbai , Dec. 12 ESTER Industries Ltd has informed the Bombay Stock Exchange that its board of directors, at a meeting on Thursday, took on record the rehabilitation scheme approved by the Board for Industrial and Financial Reconstruction. The board has also convened the general meeting of preference shareholders on January 5, 2004, to obtain their consent to convert 2,68,200 10-per cent redeemable cumulative preference shares (RCPS) of Rs 100 each to 2,68,200 10-per cent convertible cumulative preference shares of Rs 100 each. It has considered and approved in principle the expansion of the polyester film capacity by 24,000 tpa in the United Arab of Emirates.
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