Kilitch Drugs India Ltd allots 5 lakh warrants

The Board Meeting of Kilitch Drugs India Ltd held on January 24, 2022 has allotted 5,00,000 Warrants (1 Warrant convertible into 1 Equity Share of face value of Rs.10/- each) at a issue price of Rs. 177.15 (including premium of Rs. 167.15 per warrant) to the below mentioned persons/entities on preferential basis:- Sr. No. Name of allottees *Warrants (No) Category 1. Mr. Mukund Mehta 2,50,000 Promoter - Individual 2. Mr. Bhavin Mehta 2,50,000 Promoter - Individual Total 5,00,000 * 1 warrant will be converted into 1 equity share upon exercise of option by the warrant holder(s), within 18 months from the date of allotment of warrants. Consequently, the paid up equity share capital of the Company now stands increased from Rs. 15,58,23,190/- to Rs. 16,08,23,190/-.

Shares of Kilitch Drugs (India) Limited was last trading in BSE at Rs. 230.30 as compared to the previous close of Rs. 242.40. The total number of shares traded during the day was 3984 in over 60 trades.

The stock hit an intraday high of Rs. 242.95 and intraday low of 230.30. The net turnover during the day was Rs. 921859.00.

Source : Equity Bulls

Keywords

KilitchDrugsIndia INE729D01010 Warrants FundRaising