Calcom Vision Ltd board approves preferential issue to Kenneth Andrade's fund

The Board of Directors of Calcom Vision Ltd, in their meeting held today i.e., Wednesday, December 08, 2021 have considered and approved the increase in Authorised Share Capital of the Company from Rs.11,00,00,000 (Rupees Eleven Crore only) to Rs.15,00,00,000 (Rupees Fifteen Crore only).

The board approves issue and allotment of equity shares of face value of Rs.10/- (Rupees Ten Only) each, on preferential basis, aggregating up to Rs. 10,00,00,000 (Rupees Ten Crore Only), at such issue price as may be determined by the Board / a Committee of Directors in accordance with SEBI Regulations, to the below-mentioned persons belonging to the Non-Promoter Category, subject to shareholders' approval:

Micro Strategies Fund - A scheme of Old Bridge
Massachusetts Institute of technology
238 Plan Associates LLC

The board also approved issue and allotment of equity shares, pursuant to conversion of loan, of face value of Rs.10/- (Rupees Ten Only) each, on preferential basis, aggregating up to Rs. 5,00,00,000 (Rupees Five Crore Only), at such issue price as may be determined by the Board / a Committee of Directors to the belowmentioned persons belonging to the Promoter and Promoter Group Category, subject to approvals of shareholders of the Company and grant of exemption by Securities and Exchange Board of India:

Mr. Sushil Kumar Malik and Calcom Electronics Limited.

Shares of CALCOM VISION LTD. was last trading in BSE at Rs. 85.10 as compared to the previous close of Rs. 81.05. The total number of shares traded during the day was 5258 in over 35 trades.

The stock hit an intraday high of Rs. 85.10 and intraday low of 85.00. The net turnover during the day was Rs. 447430.00.

Source : Equity Bulls

Keywords

CALCOMVISIONLTD INE216C01010 PreferentialIssue KennethAndrade MIT MicroStrategiesFund 238PlanAssociates