Adlabs Entertainment Ltd approves allotment of Equity Shares and Convertible Warrants

The Board of Directors of Adlabs Entertainment Ltd at its meeting held today (i.e. June 20, 2017) have approved the issue of 12,48,684 Equity Shares of face value of Rs. 10/- each at issue price of Rs. 95/- per equity share (including premium of Rs. 85/-) and issue of 5 warrants convertible into equity shares at issue price of Rs. 2,37,25,000/- per warrant to a body corporate other than promoter and promoter group i.e. M/s. Bennett Coleman and Company Limited on preferential issue basis.

Source : Equity Bulls

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