The board of directors of TCI Industries on Tuesday allotted 475 (zero per cent) non-convertible redeemable preference shares of ₹100 each at a premium of ₹300 each to Transcorp Estates Private Ltd, an entity belonging to the promoter group of the company, for cash. Allotment of NCRPS does not result in a change in the paid-up equity share capital of the company. The NCPRS are not convertible into equity shares; and will not be listed with any stock exchange. Shares of TCI Industries closed flat at ₹840 on the BSE.
Company news: TCI Industries
Published on
September 11, 2018 16:46