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Jewellery stock in focus as company allots shares to promoter, repays debt to more consortium banks
['Raghwendra Shukla']
News in English: Latest News, Breaking News, Live Updates
The company has informed exchanges that it has cleared and repaid all outstanding debt of two more banks.
Meanwhile, the board of directors of the company has also approved the allotment of 1.105 crore equity shares with face value of Re 1 each to a promoter.
Also, the allotment of 1.105 crore shares has increased the company's paid-up equity share capital.
It has increased to 975.2134855 crore shares from 974.1084855 crore shares pre-allotment.
Similarly, the paid-up capital amount has increased to Rs 975.21 crore from Rs 974.10 crore.