ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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In the Capital Market

Associated Cement Companies (ACC) pro-poses to issue 13.5 per cent secured con-vertible debentures of Rs 150 each of the aggregate face value of Rs 34.50 crore, of which 19,94,872 debentures will be issued on a 'rights' basis to equity shareholders in the ratio of one debenture for every two equity shares held and 3,05,128 debentures are pro-posed to be reserved to the employees, direc-tors, business associates, etc. Each of these debentures will be compulsorily and auto-matically converted into one equity share of Rs 100 each at a premium of Rs 50 on February 1, 1988

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