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Central Provinces Railways Company has fixed Wednesday as ex-date for the proposed capital reduction. Accordingly, investors in the company holding 100 equity shares of ₹10 each as on the record date (June 18), will receive six equity shares of ₹10 each post-capital reduction. From ₹96.4 lakh, the company’s equity share capital will be reduced to ₹5.64 lakh. LIC owns close to 15 per cent stake in the company, while retail investors hold 62.77 per cent stake.
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