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Our Bureau

Hyderabad, Aug. 31

The board of directors of Sree Rayalaseema Hi-Strength Hypo Ltd at its meeting allotted 1,24,88,651 equity shares of Rs 10 each in cancellation of 3,28,81,871 equity shares of Rs 10 each held by the shareholders as on record date (August 25) so as to give effect to the capital reduction/restructure.

The company has gone in for capital restructuring following the de-merger of chemical unit in terms of the scheme of arrangement sanctioned by the Andhra Pradesh High Court on June 15.

More Stories on : Restructuring | Chemicals

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