AVI Photochem Ltd to consider allotment of 1044022 shares

A meeting of the Board of Directors of AVI Photochem Ltd will be held on June 05, 2015, inter alia, to consider and approve the allotment of 1044022 equity shares of Rs. 10/- each of the Company pursuant to the Order of the Hon'ble High Court of Judicature of Bombay dated March 27, 2015 approving the Reduction of Share Capital of AVI Photochem Limited under section 100 to 104 of Companies Act, 1956. Accordingly after reduction the shareholders of the Company holding 100 equity shares of Rs. 10/- each as on the record date, will receive 30 equity shares of Rs. 10/- each post the capital reduction.

Source : Equity Bulls

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