Shree Cement redeems part of Secured Redeemable Non Convertible Debentures

Shree Cement Ltd has announced that the Company has redeemed 30% of the face value i.e. Rs 30,00,000/- per NCD on July 24, 2006 against 20, 7.40% Secured Redeemable Non Convertible Debentures of Rs 1.00 crore each listed with the Stock Exchange. Consequently, the face value of the above Debentures stands reduced from Rs 1.00 paid up (per NCD) to Rs 70.00 lacs paid up (per NCD). The necessary effect has been given by NSDL (Depository) and M/s Karvy Computershare Pvt Ltd, the Company´s Registrar & Transfer Agent in the demat securities for the above NCDs.

Source : Equity Bulls

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