{"id":342798,"date":"2020-03-20T12:10:33","date_gmt":"2020-03-20T06:40:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342798"},"modified":"2020-03-20T12:44:40","modified_gmt":"2020-03-20T07:14:40","slug":"coal-india-to-convert-redeemable-preference-shares-held-in-bccl-into-equity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coal-india-to-convert-redeemable-preference-shares-held-in-bccl-into-equity\/","title":{"rendered":"Coal India to convert redeemable preference shares held in BCCL into equity"},"content":{"rendered":"<p>Coal India Ltd (CIL) on Thursday said its board has approved converting Rs 2,539 crore-worth redeemable preference shares held in its arm Bharat Coking Coal Ltd (BCCL) into equity shares. <\/p>\n<p>Pursuant to the conversion, the state-owned coal miner would get a total dividend of Rs 888.65 crore over a two-year period. <\/p>\n<p>The approval was given by Coal India Ltd&#8217;s board of directors during its meeting on Wednesday, according to a filing to the BSE. <\/p>\n<p>The board has approved &#8220;conversion of Rs 2,539 crore of 50 per cent cumulative, redeemable preference shares into equity shares by BCCL&#8230; as per its Memorandum and Articles of Association,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coal India Ltd (CIL) on Thursday said its board has approved converting Rs 2,539 crore-worth redeemable preference shares held in its arm Bharat Coking Coal Ltd (BCCL) into equity shares. Pursuant to the conversion, the state-owned coal miner would get a total dividend of Rs 888.65 crore over a two-year period. The approval was given by Coal India Ltd&#8217;s board of directors during its meeting on Wednesday, according to a filing to the BSE. The board has approved &#8220;conversion of Rs 2,539 crore of 50 per cent cumulative, redeemable preference shares into equity shares by BCCL&#8230; as per its Memorandum [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[175,146,130],"tags":[],"class_list":["post-342798","post","type-post","status-publish","format-standard","hentry","category-coal-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342798"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342798\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}