Tinplate Company of India redeems OCPS

As per the terms of the Subscription Agreements relating to the unlisted Non-Cumulative Optionally Convertible Preference Shares (OCPS), issued by Tinplate Company of India Ltd, 92,61,000 and 6,62,000 OCPS have been partly and fully redeemed respectively on March 31, 2014.

The redemption proceeds have been duly remitted to the OCPS holders as per the terms of the aforesaid Subscription Agreements.

Shares of TINPLATE COMPANY OF INDIA LTD. was last trading in BSE at Rs.51.25 as compared to the previous close of Rs. 51.25. The total number of shares traded during the day was 21513 in over 273 trades.

The stock hit an intraday high of Rs. 52 and intraday low of 50.8. The net turnover during the day was Rs. 1105298.

Source : Equity Bulls

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