Birla Power to increase share capital to Rs 30 cr

New Delhi, July 27 (UNI) Birla Power Solutions today said it will increase their share capital from Rs 22.50 crore divided into 2,25,00,000 equity shares of Rs 10 each to Rs 30 crore divided into 3,00,00,0000 equity shares of Rs 10 each.

A meeting of the Board of Directors will be held to alter Clause V of the Memorandum and Article V of Articles of Association subject to the approval of shareholders, a company statement said.

The board has also decided to issue 12,80,000 equity shares of Rs 10 each at Rs 43 per share.

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