Shalby Limited's subsidiary Mars Medical Devices Ltd allots further shares

Shalby Limited's Wholly-Owned Subsidiary Mars Medical Devices Limited, ("MMDL") has vide its letter dated October 1, 2022, informed the Company that on September 30, 2022, MMDL has allotted 2,50,00,000 Equity Shares of the face value of ₹ 10/- each at a price of ₹ 10/- per share amounting to ₹ 25,00,00,000/- (Rupees Twenty Five Crore only) and 5,00,00,000 Non-Cumulative Non-convertible Redeemable Preference Shares of the face value of ₹ 10/- each at a price of ₹ 10/- per share amounting to ₹ 50,00,00,000/- (Rupees Fifty Crore only) aggregating to ₹ 75,00,00,000/- (Rupees Seventy Five Crore only) by converting loan pursuant to Loan Agreement.

Pursuant to aforesaid allotment, the Issued, Subscribed and Paid-up Share Capital of MMDL has increased to ₹ 100,00,00,000 (Rupees One Hundred Crore only) divided into 5,00,00,000 (Five Crore) Equity Shares of ₹ 10/- each amounting to ₹ 50,00,00,000/- (Rupees Fifty Crore only) and 5,00,00,000 (Five Crore) Preference Shares of ₹ 10/- each amounting to ₹ 50,00,00,000/- (Rupees Fifty Crore only).

Source : Equity Bulls

Keywords

Shalby MarsMedicalDevices AdditionalShares Allotment