Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Kesoram Industries Ltd allots equity shares, OCRPS to lenders

Posted On: 2021-03-08 09:08:29 (Time Zone: Arizona, USA)

The Fund Raising Committee of the Board of Directors of Kesoram Industries Ltd in terms of the Resolution Plan, at its meeting held on 8th March, 2021, has approved the allotment of following securities of the Company on preferential basis through private placement to the existing lenders in part conversion of their existing debt:

- 2,22,21,262 (Two Crore Twenty Two Lakh Twenty One Thousand Two Hundred Sixty Two) fully paid-up Equity Shares having a face value of Rs. 10/- (Rupees Ten only) at a conversion price of Rs. 65/- (Rupees Sixty Five only) including a premium of Rs. 55/- (Rupees Fifty Five only) aggregating to Rs. 1,44,43,82,030/- (Rupees One Hundred Forty Four Crore Forty Three Lakh Eighty Two Thousand Thirty only) to the existing lenders.

- 4,48,97,195 (Four Crore Forty Eight Lakh Ninety Seven Thousand One Hundred Ninety Five) fully paid up Zero Coupon Optionally Convertible Redeemable Preference Shares ("OCRPS") having face value of Rs. 100/- (Rupees One Hundred only) aggregating to Rs. 4,48,97,19,500 (Rupees Four Hundred Forty Eight Crore Ninety Seven Lakh Nineteen Thousand Five Hundred only) issued to the existing lenders.

The Equity Shares and OCRPS so allotted on preferential basis through private placement shall be subject to lock-in for a period of one year from the date of trading approval.

Post allotment of Equity shares, the paid-up capital of the Company has become Rs. 1,64,81,13,410 (Rupees One Hundred Sixty Four Crore Eighty One Lakh Thirteen Thousand Four Hundred Ten only) divided into 16,48,11,341 (Sixteen Crore Forty Eight Lakh Eleven Thousand Three Hundred Forty One) Equity Shares of Rs. 10/- (Rupees Ten only) each.

Shares of KESORAM INDUSTRIES LTD. was last trading in BSE at Rs.84 as compared to the previous close of Rs. 84.6. The total number of shares traded during the day was 155310 in over 985 trades.

The stock hit an intraday high of Rs. 89.3 and intraday low of 83.25. The net turnover during the day was Rs. 13477780.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

IIFL Securities Limited to acquire Category II AIF from IIFL Wealth Management Ltd

HDFC Bank Limited to raise up to Rs. 50,000 crore

Indo Asian Finance Ltd to consider allotment of 60 lakh shares on April 20, 2021

KEC International Limited Resumption of WKTL Transmission Project

IIFL Wealth Management Ltd to sell AIF Category-II business to IIFL Management Services Ltd

International Travel House Ltd Q4FY21 loss at Rs. 6.70 crore

Gujarat Hotels Ltd Q4FY21 net profit slides YoY, QoQ

ICICI Lombard General Insurance Company Limited board recommends final dividend of Rs. 4

Gujarat Hotels Ltd board recommends dividend of Rs. 1.80 for FY21

ICICI Lombard General Insurance Company Ltd reports Rs. 345.68 crore PAT in Q4FY21

HDFC Bank Ltd's gross NPAs at 1.32%, reduces QoQ

HDB Financial Services Ltd's gross NPAs at 3.9% as of March 31, 2021

HDFC Securities Ltd reports PAT of Rs. 253.1 crore in Q4FY21

Career Point signed MOU with Ministry of Social Justice and Empowerment for tutorial services

HDFC Bank's balance sheet increases 14.1% YoY

Indiamart arm to acquire 22% in Truckhall Pvt Ltd

HDFC Bank Ltd Q4FY21 consolidated net profit slips QoQ to Rs. 8433.78 crore

CRISIL downgrades rating of PVR Ltd

Hatsun Agro Product Ltd board to consider FY21 results on April 27, 2021

Choice International Limited allots 34,49,989 Equity Shares on Conversion of Warrants

Adani Renewable Energy Holding Fifteen Ltd receives 159 MWac solar power project

Coforge Limited board approves issue of NCDs for Rs. 340 crore

Glenmark Life Sciences Ltd files DRHP with SEBI for IPO

KDDL Limited extends rights issue closure date to May 3, 2021

SG Shinagawa Refractories India Private Limited commences commercial operation

Prestige Estates Projects Limited acquires stake in companies having land bank in North Bangalore

ABB Power Products and Systems India Ltd board to announce Q1CY2021 results on May 5, 2021

GE Power India Limited signs SPA with GE Power Systems GmbH

Carborundum Universal Ltd board to approve final dividend and FY21 results on April 28, 2021

PNB Housing Finance Ltd board to consider FY21 results, dividend and NCD issue on April 27, 2021

ESAF Small Finance Bank raises Rs 162 Cr through preferential allotment

Everything Summer - Bahamas launches new Spring Summer collection 2021

MCX and Nihilent Technologies partners with Times OOH

44 meritorious students benefit from Vedanta's Utkarsh Scholarship awarded in presence of Goa CM

Robot-Assisted Cancer Surgery Unit Launched in Apollo Proton Cancer Centre

IndiGo is the leader in COVID vaccine distribution in the country over the last three months

Peter England launches 'The Antiviral* Linen Project' with new brand campaign 'Easy On You'

Den Networks Ltd Q4FY21 consolidated PAT drops QoQ to Rs. 36.98 crore

Isgec Heavy Engineering, United Conveyor Corporation sign agreement

Mindtree Ltd posts consolidated of Rs. 317.3 crore in Q4FY21

Government of Ghana to takeover ownership of AirtelTigo Joint Venture

ICRA retains ratings of Nahar Industrial Enterprises Ltd

NTPC to issue Non-Convertible Bonds

CRISIL retains rating of NGL Fine-Chem Ltd

GTPL Hathway's Consolidated FY21 PAT at ₹ 1,885 million, up by 145%

DCB Bank Limited receives RBI nod for reappointment of Mr. Murali M. Natrajan as MD & CEO

Mindtree Ltd Board approves final dividend of Rs. 17.50

RITES consortium emerges L1 in Railway project in Bangladesh

Ashok Leyland Delivers Light Bullet Proof Vehicles to Indian Air Force in collaboration with Lockheed Martin

Maruti Suzuki India Ltd increases price of select models from April 16, 2021

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

disclaimer copyright © 2005 - 2020