Kesoram Industries allots over 6.61 crore shares on conversion of OCRPS

26 Aug 2022 , 10:07 AM

The Board of Directors of Kesoram Industries Ltd at its Meeting held on August 25, 2022 has approved allotment of 6,61,19,874 fully paid-up Equity Shares of the Company of face value of Rs10/- each at a pre-determined price of Rs65/- per share upon conversion of 4,29,77,918 Zero Coupon Optionally Convertible Redeemable Preference Shares (“OCRPS”) of face value of Rs100/- each to the OCRPS holders who have opted for conversion as on August 24, 2022, which is the Record Date fixed for the purpose.

Further, these equity shares are proposed to be listed on BSE Limited, National Stock Exchange of India Limited and The Calcutta Stock Exchange Limited.

“Consequent upon the mentioned allotment, the Equity Share Capital of Kesoram Industries stands increased to 31,06,63,663 Equity Shares of Rs10/- each aggregating to Rs3,10,66,36,630”, the company said in a regulatory filing.

At around 10:08 AM, Kesoram Industries Ltd is currently trading flat at Rs52.15 per share on the BSE.

For feedback and suggestions, write to us at [e-mail]