Brightcom Group allots 1.50cr warrants and 80.50 lakh equity shares under Preferential Issue to the non-Promoter allottees

24 Jan 2022 , 10:50 AM

The Warrants and Share Allotment Committee of the Board of Directors of Brightcom Group has allotted 1.50cr Warrants convertible into Equity Shares to Shankar Sharma and 80.50 lakh Equity Shares to the 21 proposed allottees on January 23, 2022, at an issue price of Rs37.77/- per warrant/share including a premium of Rs35.77/- per warrant/share on preferential basis.

The company has received Shankar Sharma, 25% of the consideration amount against the said warrants and 100% of the consideration amount from 21 proposed allottees against the equity shares.

With this allotment, the expanded share capital of the company will be at Rs209,93,66,248 divided into 104,96,83,124 equity shares of Rs.2/- each, fully paid-up.

At around 10.52 am, Brightcom Group Ltd was trading at Rs168.40 per share down by Rs8.85 or 4.99% from its previous closing of Rs177.25 per share on the BSE.