Brightcom Group allots 11.70 cr equity shares under preferential issue to non-promoter allottees

25 Jan 2022 , 02:55 PM

Brightcom Group has informed that the Warrants and Share Allotment Committee of the Board of Directors of the Company has approved the allotment of 11.70 cr Equity Shares of Rs. 2 each of the Company, at a price of Rs. 37.77 per share (including a share premium of Rs. 35.77 per share) to 5 allottees.

With this allotment, the Company’s expanded share capital will be at Rs. 233,33,66,248 divided into 116,66,83,124 equity shares of Rs.2/- each, fully paid-up, said Company on Tuesday.

At around 2:57 PM, Brightcom Group was trading at Rs162 per share down by Rs6.4 or 3.8% against previous closing of Rs168.40 per share on the BSE.