AF Enterprises Ltd allots 10 lakh shares

The Board of directors of AF Enterprises Ltd has considered and approved the allotment of 10,00,000 equity shares of Rs. 10/- each at a price of Rs. 18/- per share comprising of Premium of Rs. 8/- Per Share, upon exercise of option for conversion of equity, warrants into equal number of Equity Shares against receipt of balance amount of 75% (Rs. 13.5 per warrant) of warrant issue price, which has been received from Mr. Rishan Singh Keer.

The said warrants were originally allotted to above allottee on 27th July 2021 at a price of Rs. l8/- Per warrant on preferential basis against receipt of 25% of warrant subscription price (i.e, Rs. 4.5/- per warrant).

Post allotment of above equity shares, the paid-up equity share capital of the company stand increased to Rs. 11,11,36,360/- divided into 1,11,36,360 Equity Shares of Rs. 10/- each from Rs. 10,11,36,360 divided into 1,01,13,636 equity shares of Rs. l0/- each.

Shares of A.F. Enterprises Ltd was last trading in BSE at Rs. 37.30 as compared to the previous close of Rs. 40.05. The total number of shares traded during the day was 27681 in over 93 trades.

The stock hit an intraday high of Rs. 40.85 and intraday low of 36.50. The net turnover during the day was Rs. 1037315.00.

Source : Equity Bulls

Keywords

AFEnterprises INE663P01015 InvestmentCompanies SharesAllotment WarrantsConversion