Ishan Dyes and Chemicals Ltd board approves allotment of 50 lakh warrants

The Board of Directors of Ishan Dyes and Chemicals Ltd at their meeting held on Monday, September 20, 2021, has approved the allotment of 50,00,000 (Fifty Lakh) Convertible Equity Warrants ('Warrants') of face value of INR 10/- (Rupees Ten only) each at an issue price of INR 61/- (Rupees Sixty One only) each including premium of INR 51/- (Rupees Fifty One only) each convertible into 1 (One) Equity Share of face value of INR 10/- each at an issue price of INR 61/- (Rupees Sixty One only) each including premium of INR 51/- (Rupees Fifty One only) each, on a Preferential basis to the Promoters and Non-Promoters as below:

Promoters:

Mrs. Anilaben Piyushbhai Patel - 12,50,000 warrants
Mr. Shrinal Piyushbhai Patel - 7,50,000 warrants
Mrs. Mirali Patel - 5,00,000 warrants

Non-Promoters / Public:

Rakesh Ramanlal Shah - 7,50,000 warrants
Shaishav Rakeshkumar Shah - 7,50,000 warrants
Seraphim Ventures Private Limited - 10,00,000 warrants

Shares of Ishan Dyes & Chemicals Ltd. was last trading in BSE at Rs. 94.1 as compared to the previous close of Rs. 95.7. The total number of shares traded during the day was 19567 in over 237 trades.

The stock hit an intraday high of Rs. 96.7 and intraday low of 93.05. The net turnover during the day was Rs. 1859687.

Source : Equity Bulls

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