Ace Tours Worldwide approves Right Issue

In the ratio of 1:4

Mar 09, 2014 12:03 IST capital market

Ace Tours Worldwide announced that the directors in the board meeting held on 07 March 2014 have approved the issue of equity shares on a Rights basis in the ratio of 1:4 (i.e. 1 equity share for every 4 fully paid-up equity shares held by the existing shareholders of the company) pursuant to provisions of Section 81 (1) and other applicable provisions of the Companies Act, 1956.

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