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Magellanic Cloud informs about outcome of board meeting

26 Apr 2022 Evaluate

In terms of the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Magellanic Cloud has informed that the Board of Directors of Magellanic Cloud at their Meeting held today i.e. 26th April, 2022 has considered and approved allotment of 7,66,000 Convertible Warrants of Face Value of Rs 10 each at a premium of Rs 279.61 each to Non-Promoters; the Board has approved the allotment of 7,66,000 Equity Shares on simultaneous conversion of warrants into Equity Shares as mentioned in point no. 1; and allotment of 29,19,316 (including 7,66,000 Equity Shares on conversion of warrants) Equity Shares of Face value of Rs 10 each at a premium of Rs 279.61 each aggregating to Rs 84,54,63,106.76 (including 100% consideration amount of Rs 22,18,41,260 received as mentioned in point no. 2.

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

Magellanic Cloud Share Price

29.41 -0.13 (-0.44%)
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