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Last Updated : Mar 28, 2017 10:51 PM IST | Source: Moneycontrol.com

Autolite India: Outcome of board meeting

The board has approved the conversion of 600000 warrants of Rs. 18/- each into 600000 equity shares of Rs. 10/- each at premium of Rs. 8/- per share upon receipt of balance 75% consideration. The allotment was done to Promoters and Promoters Group and also to one Strategic Investor.

 
 
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1. The Board has approved the conversion of 600000 warrants of Rs. 18/- each into 600000 equity shares of Rs. 10/- each at premium of Rs. 8/- per share upon receipt of balance 75% consideration. The allotment was done to Promoters and Promoters Group and also to one Strategic Investor. 2. Approve the continuation of office of Managing Director by Shri Mahipal Gupta on attaining the age of 70 years on September 13, 2017 subject to the shareholders'approval through postal ballot and e-voting.Source : BSE

Read all announcements in Autolite India



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First Published on Mar 28, 2017 10:51 pm
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