OCL Iron and Steel has informed that the the Board of Directors of the Company in their meeting held on 30th July, 2019 has allotted 70,00,000 Equity Shares of face value of Re 1 each, at a price of Rs 6 per share including premium of Rs 5 per Equity Share, aggregating to Rs 4,20,00,000 to the non-promoters entities as mentioned below by way of preferential allotment. Further, the Company has also allotted 4,85,00,000 Convertible Warrants, each convertible into, or exchangeable for, one Equity Share of face value of Re 1 each, at a price (including the Warrant subscription price and warrant exercise price) of Rs 6 each aggregating to Rs 29,10,00,000 to the non-promoters entities as mentioned below by way of preferential allotment.
The above information is a part of company’s filings submitted to BSE.
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