Palash Securities has informed that Morton Foods ('MFL')(Formerly known as 'Allahabad Canning) a material unlisted subsidiary of the Company has raised capital by issuing further 64,70,000 number of equity shares of face value of Rs 10 each at a premium of Rs 24 each aggregating Rs 21,99,80,000. Pursuant to such allotment by MFL, Palash Securities which was holding 100% of the equity shares of MFL through its subsidiaries, now the shareholding has been reduced to 69.34%.
The above information is a part of company’s filings submitted to BSE.