Quadrant Televentures EGM approves issue of 1.2 crore CCCD

The shareholders of Quadrant Televentures at its Extra-Ordinary General Meeting held on 29th March, 2017 has considered and approved the Issue of 1,20,00,000 (One Crore Twenty Lakh) Unsecured Zero Coupon Compulsory Convertible Debentures of face value of Rs. 1,000/- (Rupees One Thousand Only) each convertible into 12,00,00,000 (Twelve Crore) 2% Non-Cumulative, Non-Convertible, Redeemable Preference Shares of face value of Rs. 100/- (Rupees One Hundred Only) each, for an amount not exceeding Rs. 1,200,00,00,000/- (Rupees Twelve Hundred Crore Only) pursuant to conversion of Advances made from time to time, in compliance with CDR Package, to M/s Videocon Telecommunications Limited.

Shares of Quadrant Televentures Limited was last trading in BSE at Rs.2.98 as compared to the previous close of Rs. 2.97. The total number of shares traded during the day was 34551 in over 38 trades.

The stock hit an intraday high of Rs. 3.06 and intraday low of 2.8. The net turnover during the day was Rs. 100011.

Source : Equity Bulls

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