Board of Bodal Chemicals allots 1.50 crore convertible warrants

At meeting held on 12 July 2019

Jul 12, 2019 08:07 IST capital market

The Board of Bodal Chemicals at its meeting held on 12 July 2019 has allotted 1,50,00,000 share warrants at Rs.115/- per warrant convertible to Equity shares of Rs. 2/- each at a premium of Rs.113/- per share.

The Company has received the upfront payment of 25% of the total consideration as per the terms of the issue on these 1,50,00,000 share warrants. As the Company has allotted convertible warrants there rs no change in the paid-up capital of the Company

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