My Money Securities Ltd board approves preferential issue

The Board of Directors of My Money Securities Ltd, in their meeting held on Saturday, August 21, 2021 have approved the proposal to issue and allot Equity Shares of face value of Rs.10/- (Rupees Ten Only) each, on preferential basis, aggregating up to Rs. 4,20,00,000 (Rupees Four Crores Twenty Lakh Only), at such issue price as may be determined by the Board/ a Committee of Directors in accordance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to the Promoter and Non-Promoter Category, subject to shareholders approval.

The board also approved proposal to issue and allot Fully Convertible Warrants ("Warrants") of face value of Rs. 10/- (Rupees Ten Only) each, on preferential basis, aggregating up to Rs. 4,00,00,000 (Rupees Four Crores Only), at such issue price as may be determined by the Board/ any Committee of Directors in accordance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to be convertible at an option of Warrant holder(s) in one or more tranches, within 18 (eighteen) months from its allotment date into equivalent number of fully paid-up Equity Shares of face value of Rs.10/- (Rupees Ten Only) each, for cash and to issue fresh Equity Shares on the conversion of Warrants on such further terms and conditions as may be finalized by the Board of Directors, to the below-mentioned persons belonging to the Promoter & Promoter Group, subject to shareholders' approval.

Source : Equity Bulls

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