Steel Exchange India has informed that the Board of Directors of the Company, vide its circular Resolution dated 24th November, 2021 has approved the; Allotment of 2,34,60,000 unsecured 12% Compulsorily Convertible Debentures (CCDs) of Rs 72.50 each convertible in to 2,34,60,000 shares of Rs 10 each at a price of Rs 72.50 per share (inclusive of a premium of Rs 62.50 per share) on preferential basis; Allotment of 58,22,150 Convertible Warrants of Rs 72.50 each convertible in to 58,22,150 equity shares of Rs 10 each at a price of Rs 72.50 per share inclusive of premium of Rs 62.50 per share) on preferential basis.
The above information is a part of company’s filings submitted to BSE.
