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Proseed India gets in-principle approval for listing of 10cr equity shares

The company has allotted shares to consortium member(s) pursuant to Resolution Plan approved by NCLT vide order dated December 03, 2020.

July 12, 2021 10:15 IST | India Infoline News Service
Proseed India Limited has received in-principle approval for listing of 10cr equity shares of Re1/- each allotted to the consortium member(s) pursuant to Resolution Plan approved by NCLT vide order dated December 03, 2020.

“The said shares would be listed and admitted to dealings on the Exchange on receipt of the confirmation from the depositories i.e. NSDL/CDSL for credit of beneficiaries' accounts,” the company said in a filing on Saturday.

Proseed India Limited was yet to trade on Monday after finishing at Rs9.30 per piece on Friday. 

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