Texel Industries Ltd allots 30 lakhs CRPS

Texel Industries Ltd allots 30 lakhs CRPSIn the Board Meeting dated November 25, 2016, Texel Industries Ltd has allotted 30,00,000 (Thirty Lakh Nos.) 4% cumulative redeemable preference shares (preference shares redeemable at the end of 7 years from the date of issue) of Rs. 10/- each at par for a total amount aggregating to Rs. 3,00,00,000/- (Rupees Three Crore Only) to M/s. Sky Point Technical Textile Pvt. Ltd. (STTPL), pursuant to Para 11.2 of the "Sanctioned Scheme" (SS) sanctioned by Hon'ble Board for Industrial and Financial Reconstruction (BIFR) vide its order dated 31.08.2015 and as a part of the terms and conditions of the One Time Settlement Scheme (OTS) with the said allottee.

Source : Equity Bulls

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