Written to company secretary & received this reply .
The NCRPS are being issued in the form of Bonus in the ratio of 1:10 ie, against 10 equity shares 1 NCRPS will be issued, to the non-promoter shareholders, further the face value of these shares is Rs 10/- each issued at the premium of Rs 90/- each which shall be redeemable at Rs 120/- per NCRPS after 36 months from the date of allotment. Also, these shares will be listed at NSE and BSE and will be tradeable in the market.
Hope this shall suffice your query.
Thanks & Regards,
Arpita Kapoor
Company Secretary and Compliance Officer
Music Broadcast Ltd.
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