Monnet Ispat allots 50 Lakh Warrants

Monnet Ispat Ltd has announced that the Company has received the requisite authorizations / approvals / permissions from the Board of Directors, Shareholders and Stock Exchanges for the issue and allotment of 50,00,000 warrants convertible into equal number of shares within a period of 18 months from the date of their allotment. Accordingly, the Company has allotted 50,00,000 warrants to the proposed allottees that will be convertible into an equal number of equity shares of Rs 10/- each at a price of Rs 418.50 per share. These warrants have been allotted subject to lock-in during the period of their subsistence.

Source : Equity Bulls

Keywords