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Shiva Cement board to issue equity shares to promoter’s group

31 May 2012 Evaluate

Shiva Cement has informed that a meeting of the board of directors of the company will be held on June 06, 2012, to transact the issue of 5.00 mn nos. equity shares to promoter’s group at a price of Rs 11 (including share premium) upon conversion of equity share warrants towards part funding of ongoing capacity expansion project.

The above information is part of company’s filing submitted to the BSE.

Peers
Company Name CMP
Ultratech Cement 10750.00
Ambuja Cements 382.10
ACC 1223.40
Shree Cement 21956.00
Dalmia Bharat 1687.95
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