Karuturi Global to change equity share FV to Rs 10 from Re 1

Updated: Tue, Sep 05, 2017
10:19 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED

The world s largest producer of cut roses, Karuturi Global Ltd, will be consolidating its equity shares nominal value of Re 1 to Rs 10 each.

The company will be seeking shareholders nod in the forthcoming AGM for it on September 27.

"The Company by increasing the Nominal value of the Equity shares from Re 1 per share to Rs 10 per share such that every 10 equity shares with nominal value of Re 1 each held by the member are consolidated and re-designated into one equity share with nominal Value of Rs. 10 each," the company said in a notice to shareholders.

Karuturi Global is enagaged in production of cut roses with operations spread having a global presence in Asia, America and Europe.

The company has operations in India, Ethiopia, Dubai andf Kenya.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.