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    HomeNewsBusinessAnnouncementsNissan Copper: Outcome of board meeting

    Nissan Copper: Outcome of board meeting

    Nissan Copper its meeting held on July 16, 2015, has considered and approved Reduction of Equity Share Capital of the Company from 62,855,905 equity shares of Rs. 10/- each to 6,285,590 equity shares of Rs. 10/- each subject to approval of members and other statutory authorities.

    July 16, 2015 / 15:40 IST
       
       
      26 Aug, 2025 12:21
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      Nissan Copper Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 16, 2015, inter alia, has considered the following business:1. Considered and approved Reduction of Equity Share Capital of the Company from 62,855,905 equity shares of Rs. 10/- each to 6,285,590 equity shares of Rs. 10/- each subject to approval of members and other statutory authorities.2. ASREC (India) Limited vide its letter dated July 07, 2015 has informed the Company that State Bank of Patiala has assigned the facility together with all the underlying security interest, pledges, guarantees, rights, titles and interests to them and thus ASREC (India) Limited has become the major lender in place of State Bank of Patiala for the Company. In the opinion of the management with the support of ASREC (India) Limited, the Company should be back on revival path soon.Source : BSE

      Read all announcements in Nissan Copper

      first published: Jul 16, 2015 03:40 pm

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