Board of HLE Glascoat approves allotment of securities to FPI

At meeting held on 10 December 2020

Dec 10, 2020 06:12 IST capital market

The Board of HLE Glascoat at its meeting held on 10 December 2020 has , approved the allotment of 1,44,404 Equity Shares, 2,69,638 Series A Warrants Convertible into Equity Shares and, 1,g2,455 Series B Warrants Convertible into Equity Shares to Malabar India Fund Limited, a category I Foreign Portfolio Investor and 1,15,523 Series A Warrants Convertible into Equity Shares to Malabar Value Fund - Scheme launched under Malabar investment Trust (SEBI registered AIF category III trust) at a price of Rs.1,385 on preferential basis in accordance with SEBI (Issue of Capital Disclosure Requirements) Regulations, 2009.

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