Responsive Industries approves allotment of 7000 CCDs

Responsive Industries Ltd has announced that the Board of Directors of the Company at its meeting held on April 15, 2009, inter alia, has taken the decision to allot 7000 (Seven Thousand Only) 0% Compulsorily Convertible Debentures (CCDs) of face value of Rs 1,00,000 (Rupees One Lakh only) on preferential basis to other than promoters convertible into 13,72,500 (Thirteen Lakhs Seventy Two Thousand Five Hundred Only) Equity Shares of Rs 10 each at a price of Rs 510 (Rupees Five Hundred & Ten Only) per share, including the premium of Rs 500 each.

Source : Equity Bulls

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