Artemis Electricals has received an approval for the Preferential Issue and allotment of up to 3,10,000 Equity Shares of Rs 10 each at a premium of Rs 155 per share (issue Price Rs 165) or such other price as determined as per SEBI Regulations, aggregating to Rs 5,11,50,000 on preferential basis to Deepa Travel (proposed allottee) being Promoter group for consideration in cash, subject to approval of shareholders and/or any other regulatory authorities. The Board of Directors of the company at their meeting held on June 25, 2019, approved the same.
The Board has also given approval for the acquisition / investment of 100% equity shares of Artemis Opto Electronic Technologies out of the proceeds received from Preferential Issue and the difference, if any, shall be met out of internal accruals or borrowings or from any other source as may deemed fit to the Board.
Artemis Electricals since incorporation is into the business of manufacturing and trading of Light Emitting Diode ‘LED’ Lights and LED lighting accessories.
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|---|---|
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| Apar Inds | 11474.15 |
| ABB India | 7029.95 |
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