Epic Research

Monday, June 17, 2013

Epic Update : Emami Paper Mills

Stock Tips Epic ResearchEmami Paper Mills, a part of the Rs 6,000 crore Emami Group, has received an approval for raising Rs 120 crore through issue of preference shares to finance its expansion project at Odisha’s Balasore. The board of director at its meeting held on June 14, 2013, has considered and approved the issue of 30,00,000 Cumulative Redeemable Non-Convertible Preference Shares of Rs 100 each at a premium of Rs 300 each aggregating to Rs 120 crore.

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