Future Consumer hikes stake in Amar Chitra Katha

19 Jan 2022 , 01:34 AM

Future Consumer announced that 1320159 equity shares of Amar Chitra Katha ACKPL having face value Re 1 per equity share have been allotted to the Company on 14 January2022 at a premium of Rs 376 per equity share consequent to conversion of 4977 Compulsorily Convertible Debentures CCDs originally allotted to the Company The said CCDs have been converted by ACKPL in accordance with the terms of issue of CCDs being eligible for full conversion into equity shares after expiry of the period of 3 three years Further post allotment of the equity shares as aforesaid the Company holds 6872Percentage of paid equity share capital of ACKPL and accordingly ACKPL has now become a subsidiary of the Company