Quadrant Televentures Limited approves issue of convertible debentures

Subject to the approval of members of Quadrant Televentures Limited by passing Special Resolution and subject to the necessary approvals, permissions, sanctions and consents as may be required from any regulatory and other appropriate authorities, issuance of 1,20,00,000 Unsecured Zero Coupon Compulsory Convertible Debentures of face value of Rs.1,000/- each convertible into 12,00,00,000 (Twelve Crore) 2% Non-Cumulative, Non-Convertible, Redeemable Preference Shares of face value of Rs.100/-each, in one or more tranches for an amount not exceeding Rs.1,200,00,00,000/-pursuant to conversion of Advances made from time to time, in compliance with CDR Package, to M/s Videocon Telecommunications Ltd.

The Board approved the Notice convening an Extra-Ordinary General Meeting of the members of the Company on Wednesday, March 29, 2017 at 2.30 p.m. at the Registered Office of the Company at Autocars Compound, Adalat Road, Aurangabad 431 005, to transact the business as mentioned in the Notice.

Shares of Quadrant Televentures Limited-$ was last trading in BSE at Rs.3.25 as compared to the previous close of Rs. 3.22. The total number of shares traded during the day was 14503 in over 23 trades.

The stock hit an intraday high of Rs. 3.36 and intraday low of 3.07. The net turnover during the day was Rs. 47316.

Source : Equity Bulls

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