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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 11180.00
Ambuja Cements 352.95
ACC 1164.20
Shree Cement 23230.25
Dalmia Bharat 1520.00
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