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Kopran raises over Rs126cr through allotment of ~50 lakh equity shares

The company allotted 4959999 equity shares of the face value of Rs10 each at a premium of Rs245 per share under the preferential issue.

January 13, 2022 10:46 IST | India Infoline News Service
IT Stocks Up
Kopran Limited board on Wednesday has approved the allotment of 4959999 Equity Shares of the face value of Rs10/- each at a price of Rs255 per Equity Share (including premium of Rs245/- per Equity Share) to the allottees of the Preferential Issue. Total amount for which securities issued Rs1,26,47,99,745/- to 12 investors.

Consequent to the said allotment, the Paid-up Equity Share Capital of the company has increased from Rs43,25,06,060 consisting of 43250606 equity shares of Rs10/- each to Rs48,21,06,050 consisting of 48210605 equity shares of Rs10/- each.

At around 10.49 am, Kopran Ltd was trading at Rs314.15 per piece up by Rs1.35 or 0.43% from its previous closing of Rs312.80 per piece on the BSE.

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