MoneyWorks4Me

Orient Press gets nod to raise fund on preferential allotment basis

18 Aug 2017 Evaluate

Orient Press has received an approval to raise funds by way of issue of up to 19,25,000 fully paid Equity Shares of face value of Rs 10 each at a price of Rs 60 each (at a price which is not lesser than the price calculated in accordance with the provisions of ICDR Regulations) on Preferential allotment basis to Promoters and person other than Promoters.

The Board of Directors of the Company at its meeting held on August 17, 2017 has given the approval for the same.

Orient Press is engaged in commercial and security printing, flexible packaging and printed cartons. The company also in the business segment of Printing and Packaging.

Peers