Kalyanpur Cements Limited allots 15 crore shares to Dalmia Cement Bharat Ltd

Kalyanpur Cements Limited allots 15 crore shares to Dalmia Cement Bharat LtdAs per the resolution plan approved by Hon'ble NCLT, Kolkata under the Insolvency and Bankruptcy Code, 2016 for acquisition / revival of Kalyanpur Cements Limited ("KCL"), you vide your letter dated 12th July 2018 have issued notice for discontinuation of trading and delisting of equity shares of KCL from your Exchange. The entire existing share Capital of KCL was extinguished as per the resolution plan; and KCL has issued and allotted 15,00,00,000 (Fifteen Crores) fresh equity shares of Rs. 10/- each aggregating to Rs.150 Crores to Dalmia Cement (Bharat) Limited and its nominees.

Source : Equity Bulls

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