Xpro India Ltd allots warrants at Rs. 762

The board of directors ("Board") of Xpro India Limited ("Company"), at its meeting held today i.e. January 11, 2022, have approved the issue and allotment of Warrants on a Preferential basis to the following subscribers upon the receipt of the allotment amount from the respective subscribers:

Central India General Agents Limited (Promoter Group) - 2,62,000 warrants
Janardhan Trading Co. Limited (Promoter Group) - 66,000 warrants
Malabar India Fund Limited, a category I foreign portfolio investor (non-promoter, public) - 16,40,000 warrants

The warrants are allotted at a price of Rs. 762 (Rupees Seven Hundred Sixty Two only) per warrant including a premium of Rs. 752 (Rupees Seven Hundred Fifty Two only)

Each warrant, upon being fully paid up, shall be convetted into one Equity Share of Rs. 10 face value.

Shares of Xpro India Limited was last trading in BSE at Rs. 1188.50 as compared to the previous close of Rs. 1131.95. The total number of shares traded during the day was 275 in over 31 trades.

The stock hit an intraday high of Rs. 1188.50 and intraday low of 1188.50. The net turnover during the day was Rs. 326837.00.

Source : Equity Bulls

Keywords

XproIndia INE445C01015 WarrantsIssue FundRaising MalabarIndiaFund PromoterGroup