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NIBE informs about allotment of warrants

17 Feb 2023 Evaluate
NIBE has informed that pursuant to the approval of the Board of Directors and Members of the Company at their respective Meeting held on January 03, 2023 and January 28, 2023 and pursuant to in-principle approval granted by BSE vide its letter dated February 07, 2023 and upon receipt of an amount aggregating to Rs 10,62,49,948.75 at the rate of Rs. 91.25 per Warrant, being 25% of the issue price per Warrant as upfront payment (Warrant Subscription Price), the Board of Directors of the Company has vide Circular Resolution passed on February 16, 2023 approved the allotment of 11,64,383 Warrants at an issue price of Rs 365 per Warrant, on preferential basis to the persons as enclosed.

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

NIBE Share Price

1053.55 5.30 (0.51%)
17-Apr-2026 16:59 View Price Chart
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