Crompton Greaves Outcome Of EGM (24-Feb-2010)
Crompton Greaves Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 24, 2010, inter alia, have accorded to the following:
1. BONUS SHARES:
The Members have approved issue of Bonus Shares in the proportion of 3 (Three) new Equity Shares for every 4 (Four) Equity Shares of Rs. 2/- each.
2. INCREASE IN AUTHORISED CAPITAL:
The Members have also approved the increase in the Authorised Capital from Rs. 125,00,00,000/- (Rupees One Billion and Two Hundred And Fifty Million) divided into
62,50,00,000 Equity Shares of Rs. 2/- each, to Rs. 2,600,000,000/- (Rupees Two Billion and Six Hundred Million), divided into 1,300,000,000 Equity Shares of Rs. 2/- each.
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