HLL issues new certificates

By Our Staff Correspondent

MUMBAI, SEPT. 15. Hindustan Lever (HLL) has issued its new share certificates (of Re. 1 face value), extending shareholders the facility of exchanging their certificates across the counter.

In a nationwide exercise, 12 such counters were set up in all the metros and other large towns with concentration of the company's shareholders.

The places with exchange counters were Mumbai, Delhi, Calcutta, Chennai, Bangalore, Kanpur, Rajkot, Ahmedabad, Baroda, Surat, Pune and Coimbatore.

The exchange began on August 16 and ran for the last one month. HLL is the first company to have introduced across-the-counter exchange of shares, allowing shareholders to avoid loss of interception of certificates in transit.

This is the fourth occasion that the company has extended such a facility to its members. The facility also helped shareholders to obtain new certificates instantly. The shareholders have been asked to bring their old certificates (of Rs. 10 face value) and exchange them for the new certificates.

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Section  : Business
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