Polygenta Technologies Ltd allots 10155893 CCPS

The Board of Directors of Polygenta Technologies Ltd at its meeting held on February 24, 2015, has allotted 1,01,55,893 Compulsory Convertible Preference Shares ("CCPS") to PerPETual Global Technologies Limited (Promoter of the Company) on a preferential basis of the face value of Rs.10/- each at a premium of Rs.37/- per CCPS.

The said allotment is in pursuance of the in principle approval dated September 29, 2014 granted by BSE Limited for allotment of upto 1,30,00,000 CCPS. The said CCPS have been allotted within 15 days of receipt of the listing approval dated February 10, 2015 from BSE Limited for the pre-existing 2,20,69,886 equity shares held by the allottee.

Source : Equity Bulls

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