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Narendra Investments to increase capital, issue equity shares

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Narendra Investments to increase capital, issue equity shares

Narendra Investments (Delhi) Ltd. plans to increase its authorized capital to 110 million Indian rupees from 30.2 million rupees.

The company also said Oct. 5 that it plans to raise 30 million rupees through the issuance of equity shares. The shares will be issued at a price of 25 rupees each, including a premium of 15 rupees per share, on a preferential basis.

The increase in capital and share issue are subject to shareholders' approval.

As of Oct. 5, US$1 was equivalent to 65.14 Indian rupees.