Asian Granito India informs about allotment of equity shares

20 Feb 2021 Evaluate

Asian Granito India has informed that the Company had passed special resolution in respect of Issue of Warrants, Convertible into Equity Shares on Preferential Basis at the Extraordinary General Meeting of the Members held on Friday, 05th April, 2019. Subsequently Company has received In-principle approval from the stock exchanges to allot 4,700,000 fully convertible warrants on Preferential Basis at Rs 180 each by way of passing circular resolution dated 09th September, 2019. Now Company has received Letters from allottees for exercising their right of conversion of 7,50,000 warrants into equity shares as the balance amount of Rs. 10,12,50,000 at Rs 135 per warrant being 75% of balance amount is paid by said allottees. Board of Directors have allotted 7,50,000 equity shares of Rs 10 each at a premium of Rs 170 each on conversion of Warrants allottees as mentioned below by way of passing circular resolution as on 19th February, 2021.

The above information is a part of company’s filings submitted to BSE.

Asian Granito India Share Price

57.22 -0.29 (-0.50%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1150.00
Somany Ceramics 573.15
Cera Sanitaryware 6804.00
Asian Granito India 57.22
Pokarna 424.00
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.