Mercator Lines approves allotment 89 lakh shares at Rs 55/shr to promotors

Mercator Lines has approved allotment 89 lakh shares at Rs 55 per share to promotors.

January 13, 2011 / 18:54 IST

26 Aug, 2025 12:21

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Mercator Lines Limited has informed the Exchange that the committee of the Board of Directors of the Company in its meeting held on January 13, 2011, approved allotment of 89,00,000 equity shares of Re. 1/- each for cash at a price of Rs 55/- to promoters in lieu of conversion of warrants allotted to them in accordance with special resolution passed by the shareholders of the Company in their Extra Ordinary General Meeting held on October 28, 2010 and Chapter VII of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009, for preferential issue. With this, the issued, subscribed and paid up Equity Share Capital of the Company stands increased to 24,48,92,073 Equity Shares of Re. 1/- each aggregating Rs. 24,48,92,073 /-.

Source : BSE

first published: Jan 13, 2011 06:54 pm

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