Kabra Extrusiontechnik Ltd allots 19,60,486 Share Warrants

Pursuant to the approval of the Board of Directors at its meeting held on December 25, 2021 and approval of the members of the Company at their Extra-Ordinary General Meeting held on January 21,2022 and pursuant to In-principle approvals granted by BSE Limited and National Stock Exchange of India Limited and upon receipt of an amount aggregating to Rs. 16,12,49,972.75 (Rupees Sixteen Crores Twelve Lakhs Forty Nine Thousand Nine Hundred Seventy Two and Seventy Five Paisa) at the rate of Rs. 82.25 per warrant (being 25% of the issue price per warrant) as warrant subscription price, the Securities Allotment Committee of the Board of Directors of Kabra Extrusiontechnik Ltd, has considered and approved the Allotment of 19,60,486 Share Warrants, each convertible into, or exchangeable for, one equity share of face value of Rs. 5/- each at an issue price [including the warrant subscription price at the rate of Rs. 82.25 per warrant ("Warrant Subscription Price") and the warrant exercise price at the rate of Rs. 246.75 per warrant ("Warrant Exercise Price")] of Rs. 329/- each (Rupees Three Hundred Twenty Nine only) to the following Allotees.

Khushi Kabra - 174861
Shaurya Kabra - 174861
Koliste Industries - 1504381
Pragma Fund SPC-Equity Segregated Portfolio - 106383

Shares of Kabra Extrusion Technik Limited was last trading in BSE at Rs. 438.50 as compared to the previous close of Rs. 423.35. The total number of shares traded during the day was 9098 in over 812 trades.

The stock hit an intraday high of Rs. 445.45 and intraday low of 431.00. The net turnover during the day was Rs. 3982656.00.

Source : Equity Bulls

Keywords

KabraExtrusionTechnik INE900B01029 FundRaising ConvertibleWarrants