Ind-Swift: Outcome of board meeting

Ind-Swift at its meeting held on February 13, 2017, have considered and approved the allotment of 3817712 Equity Shares of Rs. 2/- each to the Promoter's Group on preferential basis at a price of Rs. 17.50/- per share against the Promoters contribution already infused by the promoters under the CDR package of the Company.

February 13, 2017 / 10:51 PM IST

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Ind-Swift Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2017, inter alia, have considered and approved the following;1. Allotment of 3817712 Equity Shares of Rs. 2/- each to the Promoter's Group on preferential basis at a price of Rs. 17.50/- per share against the Promoters contribution already infused by the promoters under the CDR package of the Company.2. The resignation of Mrs. Veena Dadwal and Sh. Ashok Kumar Gupta, Independent Directors, from the Directorship of the Company.Source : BSE

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first published: Feb 13, 2017 10:51 pm

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Ind-Swift: Outcome of board meeting