March 03, 2015

Novopan India to Convert Preference Shares / Loans @ Rs.20

Novopan India , a GVK group Company delisted in 2014

Novopan is , now , issuing Equity shares to GVK Projects And Technical Services Limited at Rs. 10 Premium ( @ Rs. 20  ) in conversion of Compulsory Convertible Preference Shares ( CCP ) and  loans.

Post conversion ,Promoters holding would rise to 97:69 % ( from current 92 : 45 % )

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http://www.rareindianshares.info/search?q=novopan

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General Warning : Investment in Shares Can be Injurious to Your  WEALTH

Caution :The blog writer has personal/ family members' holdings in this company , so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )

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