Facor Steels Ltd: Outcome of Board Meeting

Facor Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 04, 2011, inter alia, have approved allotment of 15,00,000 5% Redeemable Cumulative Preference Shares of the face value of Rs. 100/- each as fully paid up to M/s Rai Bahadur Shreeram & Company Pvt. Ltd. as and by way of conversion of the deposits / loan made/given by them to the company aggregating to Rs.15,00,00,000/-.Read More