Ansal Properties increases authorise share capital to Rs 100 crore

Mumbai, April 07 (UNI) Ansal Properties&Infrastructure Ltd has decided to effect an increase in the authorised share capital from Rs 65 crore to Rs 100 crore.

Informing the BSE, the company said its board of directors at the meeting held on April 07, also cleared the sub-division of the equity shares of the company from their present denomination of Rs 10 each to Rs 5 each. The meeting also cleared the issue of securities up to the extent of Rs 2000 crore.

The board further cleared employee stock option by way of issuance of maximum 3,50,000 option (shares).

To enable commencement of hotelier and allied business as per ''other objects'' of the memorandum of association, the board will convene an extraordinary general meeting of the company on May 02, seeking members approval.

UNI SN PP AG2045