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Ishan Dyes and Chemicals allots 10 lakh equity shares; Stock gains over 2%

Type of issuance is preferential issue, said company.

February 23, 2022 9:17 IST | India Infoline News Service
Ishan Dyes & chemicals Ltd has informed that in terms of issue of Convertible Equity Warrants by the company, Seraphim Ventures Private Limited ("SVPL"), a Non-Promoter Private Limited Company has exercised the option of conversion of 10,00,000 Warrants held by them and the Company upon receipt of balance 75% of the Warrants Subscription money on said Warrants, had allotted 10,00,000 Equity Shares of face value of Rs10/- each to SVPL.

As per regulatory filing, type of issuance is preferential issue, said company on Tuesday.

At around 9:17 AM, Ishan Dyes & Chemicals was trading at Rs142 per piece higher by 2.34% on Sensex.

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