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Panyam Cements & Mineral Industries has informed that the members of the Company at the Extra-ordinary General Meeting held on January 25, 2016 has considered and passed a resolution pursuant to the provisions of Section 62(1)(c) read with Section 42 of the Companies Act, 2013 and other applicable provisions of the Companies (Share Capital and Debenture Rules 2014) for allotment of 8,43,060 convertible warrants on preferential basis at a price of Rs 84.61 per warrant. Accordingly, the Board of Directors of the Company at their meeting held on March 17, 2016 have considered and allotted the said 843,060 warrants to the warrant holders on payment of 25% of the consideration amount. The said warrants can be exercised at any time within a period of 18 months from the date of issue of such warrants. Further the Company has informed that, the warrant holders have expressed their intention to exercise their option for conversion of the said warrants into Equity Shares by remitting the requisite subscription amount. In view of the above, a meeting of the Board of Directors of the Company is being proposed to be convened on March 01, 2017 to consider the conversion of the said 843,060 convertible warrants and issue and allot 843,060 Equity Shares of Rs 10 each of the Company.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 9984.00 |
| ACC | 2533.30 |
| Shree Cement | 24101.00 |
| Ambuja Cement | 629.80 |
| Dalmia Bharat | 1832.30 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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