Dhampur Sugar Kashipur allots 300000 preference shares

Dhampur Sugar Kashipur Ltd has announced that the Board of Directors of the Company at its meeting held on September 30, 2008 has allotted 300000 fully paid redeemable Preference Shares of Rs 100/- each, against conversion outstanding dues to M/s. Dhampur Sugar Mills Ltd, Dhampur, UP, in compliance of order of Hon'ble BIFR on following terms and conditions:

- Name of Security : 7% Cumulative Preference Shares

- Issue Size : Rs 3 crores

- Face Value : Rs 100/- per share

- Dividend : 7% p.a. cumulative

- Tenure : Seven years with power to the Board of Directors to decide and give option to holders for redemption of the shares at any time before the said period of 7 years at the option of shareholders.

Source : Equity Bulls

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