Digjam Ltd to issue 10 lakh NCRPS

The Board of Directors of Digjam Ltd at its meeting held on February 25, 2015, have decided to issue upto 10,00,000 Non-Convertible Redeemable Preference Shares of Rs. 100 each in one or more tranches aggregating to Rs. 10 Crores (Rupees Ten Crores only) out of the Authorised Preference Share Capital of the Company on Private Placement Basis u/s 42 of the Companies Act, 2013 subject to authorisation of Members by Special Resolution. The said Preference Shares are not proposed to be listed.

An Extraordinary General Meeting of the Members has been convened on March 25, 2015 to obtain the approval of Members to the aforesaid issue as well as to the reappointment and payment of remuneration to Sri C. Bhaskar as Managing Director & Chief Executive Officer of the Company for 3 years w.e.f. January 01, 2015.

Shares of DIGJAM LTD. was last trading in BSE at Rs.7.93 as compared to the previous close of Rs. 7.9. The total number of shares traded during the day was 14353 in over 142 trades.

The stock hit an intraday high of Rs. 8.1 and intraday low of 7.86. The net turnover during the day was Rs. 114375.

Source : Equity Bulls

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