7NR Retail Limited allots 1,19,50,000 shares at Rs. 2.03 per share

The Board of Directors of 7NR Retail Limited, at its meeting held today i.e., on 24th June, 2022, at the Registered Office of the Company, which commenced at 5:30 P.M. and concluded at 6:15 P.M., has allotted 1,19,50,000 fully paid-up Equity Shares of Re. 1/- each, at an issue price of Rs. 2.03/- per share (including premium of Rs. 1.03/- per share) on preferential basis to Vax Fashion Private Limited.

Consequent to the aforesaid allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs. 11,66,95,000/- (Rupees Eleven Crores Sixty Six Lakhs Ninety Five Thousand Only) divided into 11,66,95,000 (Eleven Crores Sixty Six Lakhs Ninety Five Thousand) Equity Shares of face value of Re. 1/- (Rupee One Only) each. The new equity shares issued shall rank pari-passu with the existing equity shares.

Source : Equity Bulls

Keywords

7NRRetail PreferentialIssue SharesAllotment FundRaising