Dhampur Sugar to convert loan into preference shares

Dhampur Sugar Mills Ltd has announced that the Board of Directors of the Company at its meeting held on July 31, 2008, inter alia, has approved the conversion of loan into Non Convertible, Redeemable 7% Preference Shares to the extent of Rs 300 Lacs of Kashipur Sugar Mills Ltd in terms of Hon'ble BIFR directions in the case of Kashipur Sugar Mills Ltd.

Source : Equity Bulls

Keywords