Transoceanic Properties to increase authorized capital

Transoceanic Properties to increase authorized capital

The members fo Transoceanic Properties have approved to increase the authorized share capital from Rs 50,00,000 to Rs 6,50,00,000.

The members have accordedto issue bonus shares in ratio of 20:1 (20 bonus shares will be issue for existing one equity share).

This was approved at the board meeting held on 20 November 2008.

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Indian Stock Market

Transoceanic Properties to increase authorized capital

Transoceanic Properties to increase authorized capital

The extraordinary general meeting of Transoceanic Properties will be held on 20 November 2008 to increase the authorized capital of the company from Rs 50,00,000 divided into 5,00,000 equity shares of Rs 10 each to Rs 6,50,00,000 divided into 65,00,000 equity shares of Rs 10 each.

Indian Stock Market