The board of Country Condos has decided to issue and allot 1,61,99,100 equity shares of Re 1 each fully paid up to the existing share holders of the company as on record date (i.e.. 19 November 2008) in lieu of the existing 1,61,99,100 equity shares of Rs 10 each fully paid up pursuant to the order of the Hon'ble High Court of Andhra Pradesh confirming the reduction of share capital.This was decided at the board meeting held on 08 December 2008.
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