Viaan Industries Ltd approves issue of shares to HT Media Ltd

The Board of Directors of Viaan Industries Ltd in its meeting held on Thursday 31st August, 2017 considered and approved the proposal to issue of 14, 65,500 Equity Shares of face value of Re.1/ each at an Issue Price of Rs. 29 /- (including premium amount of Rs.28 /- per equity share) on preferential basis to HT Media Limited, which will constitute 1.36% of the post issue paid up capital of the company subject to shareholders' approval.

The Board also proposed to issue Rs. 4.25 crores worth Fully Convertible Debentures convertible into Equity of face value of Re.1/ each at an Issue Price of Rs. 29 /- (including premium amount of Rs.28 /- per Fully Convertible Debentures) to HT Media Limited at a minimum price at the time of conversion in accordance with the Regulations for Preferential Issue contained in Chapter VII of SEBI (ICDR) Regulation, subject to shareholders approval.

Source : Equity Bulls

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