India: Diary (329).

* The Scheme of Capital Restructuring of National Aluminium Company (NALCO), as approved by the shareholders in the Extraordinary General Meeting held on February 18, has been confirmed by the Central Government under the relevant provisions of the Companies Act, 1956. The said order has already been registered with the Registrar of Companies, Orissa, Cuttack on March 19, 1999.

* Capital Restructuring effected in a nutshell, is that the paid-up equity capital of Rs. 1,288.62 crores has been reduced to Rs. 644.31 crores. The reduced capital is effected by issue of 14.5 per cent non-convertible redeemable secured debentures bearing a 14.5 per cent per annum interest …