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RTS Power board approves issue of Non-cumulative redeemable preference shares

RTS Power Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 14, 2015, inter alia, has approved the issue 1,00,00,000, 9% Non-cumulative redeemable preference shares of Rs. 10 each

April 28, 2015 8:24 IST | India Infoline News Service
RTS Power Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on April 14, 2015, inter alia, has approved the issue 1,00,00,000, 9% Non-cumulative redeemable preference shares of Rs. 10 each of the Company on Private Placement Basis to Promoter Group subject to the approval of the members through Postal Ballot and E-voting Mechanism in compliance with Sections 42, 55, 62 and other applicable provisions, if any, of the Companies Act 2013 and Rules made thereunder.

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