Varun Shipping Issues 130000 equity shares on conversion of OFCWs allotted on preferential basis

Varun Shipping Company Ltd has announced that consequent to the exercise of option for conversion of 130,000 Optionally Fully Convertible Warrants (OFCWs), which were allotted on Preferential basis to Mr. Arun Mehta, Vice Chairman and Managing Director, the Committee of Directors vide circular Resolution of date has issued and allotted 130,000 equity shares to Mr. Arun Mehta, at a price of Rs 75 per share (i.e. Rs 10 on capital account and Rs 65 on premium account).

Source : Equity Bulls

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