Nath Pulp & Paper Mills Ltd approves allotment of 80 lac shares

The Board of Directors of Nath Pulp & Paper Mills Ltd at its meeting held on May 31, 2014, have approved the allotment of 80,00,000 (Eighty Lacs only) Equity Shares of Rs. 10 each aggregating to Rs. 8,00,00,000 (Eight Crores Only) to the promoters and Asset Reconstruction Company India Ltd (ARCIL), Mumbai in terms of the rehabilitation scheme sanctioned by Board for Industrial and Financial Reconstruction (BIFR), vide order dated February 14, 2012 and Amendment thereof.

Source : Equity Bulls

Keywords