Kridhan Infra Ltd allots 750000 shares

The holders of 1,50,000 warrants (Non Promoters namely Mr. Rajesh Rathi 7,50,000 warrants, Mr. Vishal Bhatia 50,000 warrants and Mr. Jay Adhvaryu 25,000 warrants) have exercised their rights of conversion of warrants into equity shares and accordingly the Board of Directors of Kridhan Infra Ltd at their meeting held on October 09, 2015 have allotted 7,50,000 equity shares of Rs. 2/- each fully paid up on account of conversion of 1,50,000 warrants (Post sub - division of the face value of equity shares from Rs. 10/- to Rs. 2/-, 1,50,000 warrants have become 7,50,000 warrants) into 7,50,000 warrants (in ratio of 1 equity shares for every 1 warrant held).

Further, holders of 2,00,000 warrants (Post sub-division 10,00,000 warrants) (Non Promoters namely Nishant lnbuilt Ltd 1,00,000 warrants and Mr. Manish Vyas 1,00,000 warrants) have not exercised their right of conversion of warrants into Equity shares on or before October 09, 2015( being the last date for conversion) and accordingly these 2,00,000 warrants (Post sub-division-10,00,000 warrants) have been cancelled and the 25% application money paid on these 2,00,000 (Post sub-division-10,00,000 warrants) warrants have been forfeited.

Shares of READYMADE STEEL INDIA LTD. was last trading in BSE at Rs.74.9 as compared to the previous close of Rs. 75.1. The total number of shares traded during the day was 73048 in over 256 trades.

The stock hit an intraday high of Rs. 76.4 and intraday low of 74.05. The net turnover during the day was Rs. 5478117.

Source : Equity Bulls

Keywords