Network 18 Fincap approves Rights Issue of CCPS

Network 18 Fincap Ltd has announced that the Board of Directors of the Company at its meeting held on March 05, 2007, inter alia, has approved the Rights Issue of Partly Convertible Cumulative Preference Shares (CCPS) of Rs 200 (face value) each in the ratio of 1:5 i.e. 1 (one) CCPS for 5 (five) equity share held on Record Date.

The detail structure and other terms of the Rights Issue shall be decided by the Right Issue Committee of the Board, in consultation with the Lead Managers to the Right Issue.

Source : Equity Bulls

Keywords