Elcid Investments has entered into an agreement to subscribe to Compulsory Convertible Preference Shares (CCPS) of ‘Zepto’ (Formerly known as Kiranakart Technologies).
The company intends to invest upto Rs 7.5 crore approximately for subscribing to the CCPS of the face value Rs 5 each representing on a fully diluted basis 22,55,639 Equity Shares of the company for an amount of Rs 33.23 per share. The final aggregate shareholding of the company post completion of said transaction in the said entity would be 0.039% of the share capital of ‘Zepto’. The said transaction is expected to be completed in 25 days.
The company is a Non Banking Finance company and its business is to make investments in shares, debentures, mutual funds etc.
