Rishiroop Ltd has informed BSE that the Optionally Convertible Preference Shares (OCPS) issued by the Company to shareholders of erstwhile Rishiroop Rubber (International) Limited are to be listed on BSE Limited with effect from February 29, 2016.
Further, as per the terms of the Scheme of Amalgamation approved by the High Courts of Bombay and Gujarat, the OCPS holders have an option to convert the OCPS into equity shares of the Company within 12 months from the date of receipt of trading approval from BSE Limited i.e. up to February 23, 2017. Conversion details are available on the website of the Company - www.rishiroop.in.
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