Rishiroop Ltd allots 15482 shares

Rishiroop Ltd allots 15482 sharesThe Securities Issue Committee of the Board of Directors of Rishiroop Ltd has in the meeting held on July 14, 2016 approved allotment of 15,482 equity shares of Rs. 10/- each of the Company to holders of Optionally Convertible Preference Shares (OCPS) who exercised their option to convert their OCPS holding to equity shares as per the terms of the Scheme of Amalgamation ('Scheme') sanctioned by the Hon'ble High Court of Judicature at Bombay vide its order dated May 08, 2015, and Hon'ble High Court of Gujarat at Ahmedabad vide its order dated June 23, 2015.

As per the terms of the aforesaid Scheme, shares allotted shall rank pari-passu with the existing equity shares of the Company in all respects, and shall be subject to the provisions of the Memorandum and Articles of Association of the Company.

Consequent to the above allotment, the equity share capital of the Company stands increased to 71,68,478 equity shares of Rs. 10/- each, aggregating to Rs. 7,16,84,780/-.

Source : Equity Bulls

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