Malwa Cotton to allot shares to IFCI

Malwa Cotton Spinning Mills Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 02, 2008, to allot Equity Shares to IFCI on preferential basis in terms of Restructuring of debt approved by them against Funded Interest on account of overdue interest aggregating to Rs 400 lakhs based on SEBI pricing formula.

Source : Equity Bulls

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