Firm plans to convert debt money into shares

The Mauritius Stationery Manufacturers Limited (MSM) informed on Thursday that it has resolved to convene a special meeting of shareholders to consider the proposed conversion of Rs 80 million worth of debts into a new class of non-voting convertible redeemable shares at a price of Rs 8.50 per share. “These shares will at the option [...]

16 Aug 2012, The Independent Daily