Arvind SmartSpaces Board allots 28.50 lakh warrants to Kausalya Realserve

Arvind SmartSpaces Board allots 28 lakh warrants to Kausalya Realserve on preferential basis.

Apr 27, 2021 04:04 IST India Infoline News Service

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Arvind SmartSpaces Limited has informed the Exchange regarding the allotment of warrants.

The Board of Directors has approved allotment of 28,50,000 Warrants, each carrying a right to subscribe to one Equity Share per Warrant at a price of Rs. 102.00 per Equity Share, aggregating to Rs. 29,07,00,000/- within a period of 18 months from the date of allotment to Kausalya Realserve LLP wherein Kamal Singal, MD & CEO of Arvind SmartSpaces Limited and his relatives are the partners, on a preferential basis.

The stock has touched an intraday high and low of Rs97.05 per piece and Rs95.60 per piece respectively in early trading hours.

On Tuesday trade, Arvind SmartSpaces ended at Rs96 per share down by Rs0.05 or 0.05% from its previous closing of Rs96.05 on Sensex.

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