Ace Tours Worldwide Ltd Board approves Right Issue

The Board of Directors of Ace Tours Worldwide Ltd at its meeting held on March 07, 2014, has approved the issue of Equity Shares on a Rights Basis in the ratio of 1 : 4 (i.e. 1 Equity Share for every 4 fully paid-up Equity Shares held by the existing shareholders of the Company) pursuant to the provisions of Section 81(1) and other applicable provisions of the Companies Act, 1956.

Source : Equity Bulls

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