Bhagawati Gases Ltd has informed that the Company has allotted 10,22,166 fully paid equity shares of nominal value of Rs 10.00 each, at par, aggregating to Rs 1,02,21,660 against conversion of 50% Zero Rate Optionally Convertible Loan of Rs 204.43 Lakhs amount into equity capital, to IFCI Ltd.
Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs 15,72,02,930 consisting of 1,57,20,293 equity shares of Rs 10/- each to Rs 16,74,24,590 consisting of 1,67,42,459 equity shares of Rs 10/- each.
Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs 15,72,02,930 consisting of 1,57,20,293 equity shares of Rs 10/- each to Rs 16,74,24,590 consisting of 1,67,42,459 equity shares of Rs 10/- each.
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