B P Capital board allots 30 lakh equity shares on conversion of warrants

21 Jan 2022 , 09:50 AM

The Board of Directors B P Capital Ltd at their meeting held on Thursday, January 20, 2022 has, inter alia, considered and approved the allotment of 30,00,000 Equity Shares of face value of Rs. 10/- each pursuant to conversion of 30,00,000 Fully Convertible Warrants, issued as on October 22, 2021 at an issue price of Rs10/- each, by way of preferential allotment, to the following persons belonging to ‘Non-Promoter’ category:

Patliputra International Limited – equity shares allotted pursuant to conversion of  warrants- 10,00,000
Neelabh Spinning Mills Private Limited – equity shares allotted pursuant to conversion of  warrants 10,00,000

Dhiru Builders & Promoters Private Limited – equity shares allotted pursuant to conversion of  warrants 10,00,000

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs. 6,01,18,000/- divided into 60,11,800 Equity Shares of face value of Rs.10/- each.

At around 9:49 AM, B P Capital was trading at Rs7.75 per piece higher by 3.75% on the BSE.