Cressanda Solutions Limited allots 9,49,18,000 equity shares

The Board of Directors of Cressanda Solutions Limited at their meeting held today i.e. on May 03, 2022 has allotted 9,49,18,000 equity shares of face value of Re. 1/- each pursuant to exercise of 9,49,18,000 convertible warrants.

These equity shares allotted on conversion of the warrants, shall rank pari passu, in all respects with the existing equity shares.

Post the allotment of equity shares, the paid-up equity shares of the Company has increased from Rs. 30,35,77,500/-(Rupees Thirty Crore Thirty-Five Lakhs Seventy-Seven Thousand and Five Hundred only) to Rs. 39,84,95,500/- (Rupees Thirty-Nine Crore Eighty-Four Lakhs Ninety-Five Thousand and Five Hundred only).

Shares of CRESSANDA SOLUTIONS LTD. was last trading in BSE at Rs. 44.60 as compared to the previous close of Rs. 42.50. The total number of shares traded during the day was 5671809 in over 32409 trades.

The stock hit an intraday high of Rs. 44.60 and intraday low of 40.50. The net turnover during the day was Rs. 248727209.00.

Source : Equity Bulls

Keywords

CRESSANDASOLUTIONS INE716D01033 SharesAllotment WarrantsConversion