Vintage Cards & Creations Ltd has informed that the Board of Directors of the Company at its meeting held on January 30, 2008, inter alia, has approved the following:
1. Reduction of Share Capital by nine tenth i.e. to 592941 Equity Shares of Rs 10 each fully paid amounting to Rs 5,929,410
2. Allotment of 3995666 Equity Shares of Rs 10 each to Unsecured Creditors at a premium of Rs 20 per share
3. Allotment of 2410000 Optionally Convertible Debentures of Rs 10 each;
The above are pursuant to Court Order dated October 12, 2007 approving the scheme of Arrangement between the Company, its Equity shareholders and Unsecured Creditors.
1. Reduction of Share Capital by nine tenth i.e. to 592941 Equity Shares of Rs 10 each fully paid amounting to Rs 5,929,410
2. Allotment of 3995666 Equity Shares of Rs 10 each to Unsecured Creditors at a premium of Rs 20 per share
3. Allotment of 2410000 Optionally Convertible Debentures of Rs 10 each;
The above are pursuant to Court Order dated October 12, 2007 approving the scheme of Arrangement between the Company, its Equity shareholders and Unsecured Creditors.
No comments:
Post a Comment