Brief: JCT Says In-Principle Nod For Preferential Issue Of Shares To Phoneix ARC Not Granted By BSE, SEBI
30/12/2019 09:43
Dec 30 (Reuters) - JCT Ltd JCTL.BO :
* IN-PRINCIPLE NOD FOR ISSUE OF SHARES ON PREFERENTIAL BASIS
NOT
GRANTED BY BOMBAY STOCK EXCHANGE AND SEBI DUE TO LEGAL
INTERPRETATION
* COMPANY COULD NOT ISSUE AFORESAID EQUITY SHARES TO PHOENIX
* CHALLENGED DECISION OF BSE, SEBI BEFORE SECURITIES
APPELLATE
TRIBUNAL, MUMBAI AND SAME HAS BEEN LISTED FOR HEARING ON JAN 24
Source text for Eikon: ID:nBSE8lF26t
Further company coverage: JCTL.BO
((Reuters.Briefs@thomsonreuters.com;))