Frontier Leasing & Finance Ltd allots 12000 NCRPS

The Allotment Committee of Frontier Leasing & Finance Ltd in its meeting held on January 29, 2015, has issued and allotted 12,000 0.010% Non Convertible Redeemable Preference Shares (NCRPS) of Rs. 1,000/- each for cash at par to M/s. Inimitable Capital Finance Private Limited, promoter of the Company in compliance with the provisions of Section 42 of the Companies Act, 2013 and Rule 14(1) of the Companies (Prospectus and Allotment of Securities) Rules, 2014.

After this allotment, the issued and paid capital of the Company is increased from Rs. 24,50,000/- divided into 2,45,000 Equity Shares of the Rs. 10/- to Rs. 1,44,50,000/- divided into 2,45,000 Equity Shares of the Rs. 10/- and 12,000 0.010% Non Convertible Redeemable Preference Shares (NCRPS) of Rs. 1,000/- each.

Source : Equity Bulls

Keywords