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Moneycontrol.com >> Messageboard >> Stocks >> Gangotri Textil >> BSE Announcements on Gangotri Textil
   You are here :     Moneycontrol     MMB    Stocks      Gangotri Textil                         Most active discussions of 2006 , 2007 & 2008
BSE Announcements on Gangotri Textil (1)   31-Oct-09 12:33Track this thread   Tracked by (0)  
Posted by:   MMB Messenger on ( 31-Oct-09 12:33 )
Price : [Gangotri Textil - BSE:Rs. 6.73 NSE:Rs. 3.85 when posted]
Gangotri Textiles Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2009, inter alia, has approved the following:

1. Allotment of Cumulative Redeemable Preference Shares: -

The Board of Directors have approved allotment of 20,42,000, 6.5% Cumulative Redeemable Preference Shares of Rs. 100/- each to the following lenders towards conversion of additional Working Capital Term Loan sanctioned by them.

- Name of the Bank: State Bank of India
No. of CRPS to be issued (Rs. 100/- each): 14,96,000

- Name of the Bank: State Bank of Hyderabad
No. of CRPS to be issued (Rs. 100/- each): 3,31,000

- Name of the Bank: Corporation Bank
No. of CRPS to be issued (Rs. 100/- each): 2,15,000

2. Allotment of 67,84,261 Equity Shares of Rs. 5/- each to the Lenders:

Pending In-principle approval from regulatory authority, the allotment of 67,84,261 Equity Shares of Rs. 5/- each to the Lenders has been deferred.

3. Allotment of 97,69,335 Equity Shares of Rs. 5/- each to the Promoter/ Associates

Pending In-principle approval from regulatory authority, the allotment of 97,69,335 Equity Shares of Rs. 5/- each to the Promoters Associates has been deferred.
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