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Drumbeat: Ad Buzzaar
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Friday, June 19, 1998
Tasty Bites to issue preference shares to HLL
Our Corporate Bureau
Mumbai, June 18: Tasty Bites Eatables, the subsidiary of Grand Food & Catering Consultants Pvt Ltd, is issuing preference shares to Hindustan Lever (HLL) which has picked up a substantial stake in the company. The amount of preference shares to be issued is Rs 12.20 crore. The preference-share issue is in lieu of loan standing originally in the name of Grand Foods & Catering Consultancy, and which has been assigned to HLL.Tasty Bite Eatables has convened a board meeting on Friday to increase the company's preference share capital to Rs 15 crore. The scrip of Tasty Bite Eatables was traded between Rs 19 and Rs 20.40 per share on the Bombay Stock Exchange. Tasty Bite Eatables is a loss-making food-processing company located in Pune, in which HLL recently picked a stake. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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