Ram Informatics allots 26.56 Lk equity shares on conversion of unsecured loan of Rs 2.65cr

Apr 25, 2013, 12.26 PM IST

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Ram Informatics has allotted 26,56,500 Equity Shares of Rs 10 each at par on conversion of unsecured loan amount of Rs 2,65,65,000 and 25,00,000 Equity Shares of Rs 10 each at par upon Infusion of Fresh Funds of Rs 2,50,00,000 pursuant to the Scheme of Arrangement of the Company as approved by the High Court of Andhra Pradesh.

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Ram Informatics allots 26.56 Lk equity shares on conversion of unsecured loan of Rs 2.65cr

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Ram Informatics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 24, 2013, has allotted shares pursuant to the Scheme of Arrangement of the Company as approved by the High Court of Andhra Pradesh, as detailed here-In-below :1. 26,56,500 Equity Shares of Rs. 10/- each at par on conversion of unsecured loan amount of Rs. 2,65,65,000/-.2. 25,00,000 Equity Shares of Rs. 10/- each at par upon Infusion of Fresh Funds of Rs. 2,50,00,000/-.Source : BSE

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