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21-May2018

ITI gets nod for conversion of capital grant into equity shares

ITI has received an approval for the conversion of Rs 137 crore, being Capital grant received from Government of India (GoI) under BIFR proceedings, into 137000000 equity shares of Rs 10 each at par and allotted shares accordingly to President of India. The said receipt of Capital grant of Rs 137 crore and allotment of equity shares is made pursuant to BIFR order dated January 08, 2013, sanctioning the revival scheme of the company. The Board of Directors of the company at their meeting held on May 19, 2018, considered and approved the same.  

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.


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