Brief: Action Construction Equipment approved issue of 18.4 million equity shares

Action Construction Equipment

20/06/2016 07:15

June 20 (Reuters) - Action Construction Equipment Ltd  ACEL.NS : 
 * Approved issue of 18.4 million equity shares of inr 2 each 
 
 * Source text: [Action Construction Equipment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 20, 2016, inter alia, has considered and approved the following business: 
 
- Board decided to issue & allot 1,83,83,000 equity Shares of Rs. 2/- each, fully paid-up in place of 1,84,90,500 No of equity shares of Rs. 2/- each in order to comply with the condition that equity shareholding of the members in the Company is increased only up to five percent of the post issue paid up equity share capital in the Company.] 
 
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