ARSS Infrastructure Projects Ltd approves allotment of 78,94,736 shares

The Share Allotment Committee of Board of Directors of ARSS Infrastructure Projects Ltd at their meeting held today i.e. 9th August, 2017 considered and approved the allotment of 78,94,736 equity shares worth Rs. 60,00,00,000/- (Rs. Sixty Crores only) i.e @ Rs. 76/- per share on preferential basis to the promoters and their associates in accordance with the approved Corporate Debt Restructuring Scheme.

The Board meeting started at 12.00 Noon and concluded at 12.30 P.M.

Source : Equity Bulls

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