Financial Daily from THE HINDU group of publications
Tuesday, Nov 08, 2005
Financial Daily from THE HINDU group of publications Tuesday, Nov 08, 2005 |
|
|
|
|
|
|
|
Markets
-
Preferential Allotments Shaw Wallace Distilleries redeems 5% pref shares of McDowell Our Bureau
Bangalore , Nov. 7 MCDOWELL & Company Ltd has informed the BSE that Shaw Wallace Distilleries has redeemed its 5 per cent non-cumulative non-convertible redeemable preference shares. At the EGM of the company on Monday, the board has passed a resolution to issue debentures or bonds and/or securities linked to equity shares for an amount not exceeding $250 million. It has also passed a resolution to increase the authorised share capital of the company from Rs 60 crore to Rs 120 crore only instead of Rs 170 crore. The increase in authorised capital was proposed to facilitate issue of securities as well as issue of equity shares/preference shares pursuant to the scheme of arrangement approved by the board of directors on September 22, which is subject to the approval of the High Courts and other regulatory authorities.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
