BRIEF-JCT Says In-Principle Nod For Preferential Issue Of Shares To Phoneix ARC Not Granted By BSE, SEBI

  • Reuters
  • Stock Market News
BRIEF-JCT Says In-Principle Nod For Preferential Issue Of Shares To Phoneix ARC Not Granted By BSE, SEBI
Credit: © Reuters.

Dec 30 (Reuters) - JCT Ltd JCTL.BO :

* IN-PRINCIPLE NOD FOR ISSUE OF SHARES ON PREFERENTIAL BASIS NOT GRANTED BY BOMBAY STOCK EXCHANGE AND SEBI DUE TO LEGAL INTERPRETATION

* COMPANY COULD NOT ISSUE AFORESAID EQUITY SHARES TO PHOENIX

* CHALLENGED DECISION OF BSE, SEBI BEFORE SECURITIES APPELLATE TRIBUNAL, MUMBAI AND SAME HAS BEEN LISTED FOR HEARING ON JAN 24

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