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.)