Kesoram Industries Ltd allots 6,61,19,874 shares on conversion of OCRPS

The Board of Directors of Kesoram Industries Ltd at its Meeting held today, August 25, 2022, approved allotment of 6,61,19,874 fully paid-up Equity Shares of the Company of face value of Rs. 10/- each at a pre-determined price of Rs. 65/- per share upon conversion of 4,29,77,918 Zero Coupon Optionally Convertible Redeemable Preference Shares ("OCRPS") of face value of Rs. 100/- each to the OCRPS holders who have opted for conversion as on August 24, 2022, the Record Date fixed for the purpose.

These equity shares are proposed to be listed on BSE Limited, National Stock Exchange of India Limited and The Calcutta Stock Exchange Limited.

Consequent upon the above allotment, the Equity Share Capital of the Company stands increased to 31,06,63,663 Equity Shares of Rs. 10/- each aggregating to Rs. 3,10,66,36,630.

Shares of Kesoram Industries Limited was last trading in BSE at Rs. 50.35 as compared to the previous close of Rs. 49.75. The total number of shares traded during the day was 79392 in over 1333 trades.

The stock hit an intraday high of Rs. 50.55 and intraday low of 48.65. The net turnover during the day was Rs. 3947545.00.

Source : Equity Bulls

Keywords

KesoramIndustries INE087A01019 SharesAllotment OCRPSConversion