Grandeur Products Ltd approves allotment of NCDs, shares

The Board of Directors of Grandeur Products Ltd at its meeting held on July 16, 2016 at 5.30 p.m. has discussed and approved the issue and allotment of 20,00,000 (Twenty Lakh) Equity Shares at an Issue Price of Rs. 20/- each (Including Premium of Rs. 10/-) on Preferential basis at a price arrived as per Chapter VII of SEBI( ICDR) Regulations, 2009 to Promoter group and also to Non Promoters.

The Board also approved the issue and allotment of 6,00,000 (Six Lakhs), 6% Fully Secured Redeemable Unlisted Non-Convertible Debentures of Rs. 100/- each at par on private placement basis.

Source : Equity Bulls

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