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Kanpur Plastipack informs about conversion of securities

24 Dec 2024 Evaluate
In continuation to intimation dated October 17, 2024 and December 12, 2024, pursuant to Regulation 30 and other applicable provisions of the SEBI LODR Regulations, Kanpur Plastipack has informed that the Preferential Issue Committee of the Board of Directors of the Company at its meeting held today i.e., December 24, 2024 has considered and approved the allotment of 10,08,000 equity shares of Rs 10 each on conversion of 10,08,000 warrants at an issue price of ?116.50 (including a premium of ?106.50) each, on preferential basis, upon receipt of balance amount of issue price aggregating to ?81.50 (being 70% of the issue price per warrant) from the allottee pursuant to the exercise of their rights of conversion of warrants into equity shares in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The information in connection with the allotment of securities pursuant to Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed as Annexure I.

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

Kanpur Plastipack Share Price

219.70 8.25 (3.90%)
07-May-2026 16:01 View Price Chart
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