ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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PRESTIGE FOODS-Forward Integration

PRESTIGE FOODS-Forward Integration

The figures of return on equity and earnings per share have worked out lower due to allotment made of 5,51,26,430 equity shares effective January 1, 1992, on first conversion of Series IV debentures of an aggregate amount of Rs 613.27 crore of which Rs 291.27 crore was converted into equity. With that conversion, the paid-up share capital increased from Rs 75.42 crore to Rs 129.61 crore and so also the share premium account forming part of reserves from Rs 110.18 crore to Rs 342.05 crore. The dividend pay-out has increased also with the rate of dividend raised from Rs 3 to Rs 3.50 per share and declared pro rata (Re 0.875 per share) on shares allotted on first conversion of debentures.

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