Bihar Tubes Ltd has informed that the Company has allotted 370,000 equity shares of Rs 10/- each to the Strategic Investors pursuant to conversion of 185,000 warrants issued earlier on preferential basis.
185,000 equity shares allotted on conversion of equal number of warrants and 185,000 equity shares allotted as bonus shares which were earlier kept reserved for the warrant holders at the time of bonus issue in the ratio of 1:1 till the conversion of the warrants into equity shares.
After this allotment the outstanding paid up capital of the Company stood at Rs 202,966,830/- (Rupees Twenty Crores Twenty Nine Lacs Sixty Six Thousand Eight Hundred and Thirty Only) comprising 20,296,683 Equity Shares of Rs 10/- each.
185,000 equity shares allotted on conversion of equal number of warrants and 185,000 equity shares allotted as bonus shares which were earlier kept reserved for the warrant holders at the time of bonus issue in the ratio of 1:1 till the conversion of the warrants into equity shares.
After this allotment the outstanding paid up capital of the Company stood at Rs 202,966,830/- (Rupees Twenty Crores Twenty Nine Lacs Sixty Six Thousand Eight Hundred and Thirty Only) comprising 20,296,683 Equity Shares of Rs 10/- each.
No comments:
Post a Comment