Jindal Photo Ltd to issue 0% RNCPS

The Board of Directors of Jindal Photo Ltd at its meeting held on February 28, 2014, has discussed and approved the proposal to create Authorised Preference Share Capital to the tune of Rs. 48 crore.

The Board also approved proposal to issue Zero percent Redeemable Non-convertible Preference Shares to promoter group companies namely Consolidated Finvest and Holdings Limited and Jindal Photo Investments Limited in lieu of conversion of their unsecured loans and other dues in this respect.

The Board approved proposal to convene and hold Extra Ordinary General Meeting of the shareholders on March 28, 2014 at the registered office of the company at 11.30 A.M. for approval of aforesaid matters by the shareholders.

Shares of JINDAL PHOTO LTD. was last trading in BSE at Rs.101 as compared to the previous close of Rs. 100. The total number of shares traded during the day was 1727 in over 32 trades.

The stock hit an intraday high of Rs. 102 and intraday low of 98.9. The net turnover during the day was Rs. 170977.

Source : Equity Bulls

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