Ashapura Minechem at its meeting hung on January 10, has considered and accepted the notion to issue upto forty five,00,000 warrants to Ashapura Industrial Finance Ltd on preferential basis.
It is situation to the approval of the participants through manner of postal ballot and relevant regulatory authorities
The stated warrants could be converted into or exchanged with fairness shares at a later date within a duration of 18 months from the date of allotment of warrants.
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