Krishna Phoschem to convert 12 lakh warrants into equity shares on preferential basis

The Company allotted 1200,000 Equity shares of Rs. 10/- each at a premium of Rs. 35/- per share to the Ostwal Phoschem (India) Limited.

Feb 25, 2021 02:02 IST India Infoline News Service

Krishana Phoschem Limited has informed that the warrant holders of the preferential issue have exercised their option for the conversion of 12,00,000 warrants into equivalent equity shares of Rs10 each of the company.

The Company allotted 12,00,000 Equity shares of Rs10/- each at a premium of Rs. 35/- per share to the Ostwal Phoschem (India) Limited.

Consequently, w.e.f from 25th February 2021, the issued, subscribed and paid up equity share capital of the company stands increased to Rs26,10,00,000cr consisting of 2,61,00,000 equity shares of Rs10/- each. The aforementioned shares rank pari passu with the existing equity shares of the company.

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