Websol Energy System Ltd allots equity shares

On conversion of outstanding loan amount of upto Rs. 11,74,91,040/- by the Promoter allottee i.e., M/s. Websol Green Projects Private Limited and further infusion of funds of Rs. 11,54,52,000/- by the other allottee i.e., M/s. India Max Investment Fund Limited, the Board of Directors in their meeting held on today, i.e, 02.11.2022, have approved and allotted 1087880 equity shares of the Company to M/s. Websol Green Projects Private Limited and 10,69,000 equity shares of the Company to M/s. India Max Investment Fund Limited at an Issue Price of Rs. 108/- (Rupees One Hundred and Eight Only) per equity share [including a premium of Rs. 98/- (Rupees Ninety-Eight Only) per equity share], on Preferential Basis and authorized the Directors to complete the process with BSE Ltd., National Stock Exchange of India Limited for listing of shares and NSDL, CDSL and ROC to update the same in their records.

Post-allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 38,79,74,180/- divided into 38797418 equity shares of face value of Rs. 10/- each fully paid-up.

Shares of Websol Energy System Limited was last trading in BSE at Rs. 94.35 as compared to the previous close of Rs. 91.70. The total number of shares traded during the day was 20362 in over 234 trades.

The stock hit an intraday high of Rs. 94.95 and intraday low of 92.05. The net turnover during the day was Rs. 1899704.00.

Source : Equity Bulls

Keywords

WebsolEnergySystem INE855C01015 SharesAllotment WebsolGreenProjects IndiaMaxInvestmentFunds