Sangam (India) has informed that in accordance with the approval of the shareholders of the Company at Extra-Ordinary General Meeting ('EGM') held on 13th November, 2021 and 'in-principle' approval given by the Stock Exchanges dated 2nd December, 2021, the Board of Directors of the Company, at its meeting held today 13th December, 2021 which commenced at 11.00 AM and concluded at 11.30 AM, allotted 57,00,000 Warrants at a price of Rs 180 per warrant aggregating to Rs 102.60 Crore to the Investor, Promoter(s) and Promoter(s) Group entities on preferential basis. Each warrant shall be convertible into, 1 fully paid-up Equity Share of the Company having face value of Rs 10 each.
The above information is a part of company’s filings submitted to BSE.
