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BSE SENSEX
83,057.78
+69.00
+0.08 %
Corporate Announcement
Security Code
532650
Company
MSP STEEL & POWER LTD.
Exchange Received Time
16/09/2024 17:49:51
Exchange Disseminated Time
16/09/2024 17:49:53
Time Taken
00:00:02
Board Meeting Outcome for Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 SEBI ('Listing Regulations') - Outcome Of Board Meeting Dated 16Th September 2024 |
9/16/2024 5:49:53 PM
This is to inform you that, pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and such other as applicable, the meeting of the Board of Directors of the Company held on today, i.e., September 16, 2024 at Registered office of the Company placed the conversion notice received from the OCD holders/Lenders on 12th September,2024 for converting the OCDs to Equity Shares of the Company at a price in accordance with SEBlUpon receipt of aforesaid notice, as per the terms of the Conversion of Outstanding OCDs, the Board of Directors, considered and approved the allotment of 9,60,99,913 equity shares having face value of Rs. 10/- each at Rs. 35/- (including premium of Rs. 25/- per share) to the allottees (categorized as 'public') of the Company on preferential basis in terms of SEBl (Issue of Capital & Disclosures Requirement) Regulation, 2018.
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