Colab Cloud Platforms Ltd allots 72 lakh shares on conversion of warrants

The Board of Directors of Colab Cloud Platforms Limited (formerly known as JSG Leasing Limited) at its meeting held on 12th October 2022 at 11.30 a.m. at the Corporate office of the Company has approved the conversion of 72,00,000 (Seventy-Two Lakh) Convertible Equity Warrants into Equity shares of the Company.

Pursuant to the exercise of option for conversion of warrants into equity shares by the allottees, the Board approved the allotment of 72,00,000 (Seventy- Two Lakh) fully paidup Equity shares of Rs. 10/- (Rupees Ten only) each at a price of Rs. 21/- (Rupees TwentyOne only) per share.

Consequently, after conversion, the Paid-up Equity Share Capital of the Company stands increased to Rs. 10,20,00,000/- (Rupees Ten Crore Twenty Lakh only) divided into 1,02,00,000 (One Crore Two Lakh) Equity shares of face value of Rs. 10/- (Rupees Ten only) each, fully paid-up.

Source : Equity Bulls

Keywords

ColabCloudPlatforms SharesAllotment WarrantsConversion