New Delhi, Dec. 22 -- Penny stock Excel Realty N Infra on Monday announced that its board, in a meeting held today, has approved increasing the authorized share capital from Rs.500 crore to Rs.750 crore. The move is subject to shareholders' approval through a postal ballot.

"The board of directors approved the increase of the authorized share capital of the company from the existing Rs. 5,00,00,00,000/- (Rupees Five Hundred Crores) divided into 5,00,00,00,000 (Five Hundred Crores) equity shares of Rs. 1/- (Rupees One) to Rs. 75,00,00,00,000/- (Rupees Seven Thousand Five Hundred Crores) divided into 75,00,00,00,000 (Seven Thousand Five Hundred Crores) equity shares of Rs. 1/- (Rupees One) each and the consequent amendment of the existing ...