Rane Madras has informed that the allotment of committee of the board of directors of the Company at their meeting held on 28th December 2018, has allotted 365,630 equity shares of face value of Rs 10 each, as fully paid-up pursuant to exercise of 365,630 warrants allotted by RML on September 11, 2017 on preferential basis to Rane Holdings (holding Company). The allotment has been made for cash, upon receipt of entire balance of 75% of issue price i.e., Rs 149,999,707.50 (warrant exercise price). These equity shares now allotted, shall rank pari passu in all respects with the existing equity shares, including dividend, if any.
The above information is a part of company’s filings submitted to BSE.
