Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stake Sale

| More

Kimia Biosciences Ltd allots 87,32,000 shares on conversion of warrants

Posted On: 2019-06-19 20:32:39

The Board of Directors of Kimia Biosciences Ltd in their meeting held today i.e. June 19, 2019 has allotted 87,32,000 (Eighty Seven Lacs & Thirty Two Thousand) Equity Shares of Face value of Re.1/- each pursuant to conversion of 8,73,200 Fully Convertible warrants of Face Value of Rs. 10/- each allotted on preferential basis, on Feb 15, 2018, to the person belonging to Promoter & Non-promoter category.

Such warrants were allotted on preferential basis, on Feb 15, 2018, prior to Scheme of Arrangement becoming effective, at a face value of Rs. 10/- each including premium of Rs. 20/- each. However, post Scheme of Arrangement becoming effective(as approved by Hon'ble NCLT vide its order dated Aug 08, 2018), the Face Value of the Equity Shares of the Company has been reduced from Rs 10/- each to Re 1/- each and accordingly, upon conversion of Warrants,each warrants are convertible into 10 (ten) Equity shares of the Face Value of Re. 1/- each, at a premium of Rs. 2/- each.

Post Allotment of 87,32,000 Equity Shares of Face Value of Re. 1/-, the paid-up share capital of the Company shall stand increased to Rs. 2,33,26,421/- comprising of 2,33,26,42] Equity shares of face value of Re. 1/- each.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

AU Small Finance Bank Ltd board to consider conversion of warrants

Canara Bank allots 27,69,88,576 shares to Government of India

Indian Bank approves allotment of shares to Government of India at Rs. 216.09

Union Bank of India approves allotment of 1,65,98,02,538 shares

Sat Industries Ltd approves allotment of 50,85,000 warrants

Central Bank of India allots 158,38,45,063 equity shares at Rs. 21.17 per share

CRISIL reaffirms rating of TBZ

Akme Star Housing Finance Ltd approves preferential issue

Acrysil Ltd to issue 562500 shares on outstanding warrants conversion

Generic Engineering Construction and Projects Ltd allots 18 lakh shares

Quess Corp Ltd allots 7,54,437 shares to NV Investment Holdings LLC

AXIS Bank allots 19,87,28,139 shares at Rs. 629 through QIP

Jindal Stainless Ltd allots 80,12,940 shares

UGRO Capital Limited announces conversion of securities

Mahindra Lifespace Developers Ltd allots 4450 shares

ICICI Bank allots 136,116 equity shares

BG Advisory Services LLP forfeits payment given for Centrum Capital Ltd's warrants

L&T approves allotment of 11,900 equity shares to FCCB Holders

Aspira Pathlab & Diagnostics Ltd board approves preferential issue at Rs. 26

Electrosteel Castings Ltd approves preferential issue of 2,74,72,526 Equity Shares

Indian Overseas Bank - Increase of Authorised Capital

Bandhan Bank Limited allots 9138 shares

YES Bank allots 1,53,250 shares

Edelweiss Financial Services Ltd allots 2,06,075 Equity Shares

ITC Ltd allots 57,81,600 shares

ICICI Bank allots 75,556 shares

Prithvi Exchange India Ltd allots 27,49,883 shares

Hinduja Global Solutions Ltd allots 798 shares

Kotak Mahindra Bank Ltd allots 26,423 shares

Bodal Chemicals Ltd allots 1.5 crore warrants at Rs. 115

Rubfila International Ltd allots 45 lakh share warrants

ICICI Bank allots 40,972 shares

CreditAccess Grameen Ltd allots 14,505 shares

Kotak Mahindra Bank Ltd allots 1,16,680 equity shares

ICICI Lombard General Insurance Company allots 6000 shares

AXIS Bank allots 15,050 shares

TCI Express Ltd allots 44,775 shares

Vardhman Special Steels Ltd allots 2500 shares

JSPL allots 20,53,995 shares

Grasim Industries Limited allots 8779 shares

Sankhya Infotech Ltd allots 14,51,852 Equity shares

L&T Technology Services Ltd allots 600 shares

Tejas Networks Ltd allots 23,969 shares

ICICI Bank allots 142,155 shares

Future Consumer Ltd allots 2 lakh shares on July 4, 2019

ITC allots 89,51,380 shares

Ujjivan Financial Services Ltd allots 19404 shares

Reliance Industries Ltd allots 38540 shares

Kirloskar Ferrous Industries Ltd allots 8000 shares

UltraTech Cement Ltd allots 329 shares

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019