Blue Coast Hotels Ltd allots 3883495 shares

The Board of Directors of Blue Coast Hotels Ltd at its meeting held on October 22, 2014, has allotted 38,83,495 Equity Shares of face value of Rs. 10/- each (at a premium of Rs. 93/- per Equity Share) pursuant to conversion of 40,00,000, 1% Cumulative Redeemable Preference Shares of Rs. 100/- each issued earlier to the persons belonging to the Promoter Category in terms of the CDR Scheme.

Source : Equity Bulls

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