DRC Systems India Limited allots 50 lakh shares to Somani Multibiz Ltd

Pursuant to the In-Principle approvals granted by the BSE Limited and the National Stock Exchange of India Limited, the Securities Allotment Committee of the Board of Directors of the Company in its meeting held today i.e. November 03, 2022 has allotted 50,00,000 Equity Shares of Face Value of Re. 1/- each fully paid up, on a preferential basis to Somani Multibiz Limited (other than the Promoters and Promoter Group), at an issue price of Rs. 40/- per Equity Share (including a premium of Rs. 39/- per Equity Share), aggregating to not exceeding Rs. 20,00,00,000/- (Rupees Twenty Crores Only) for cash consideration.

Post above allotment, the Paid up Equity Share Capital of the Company stands increased from 3,86,53,560 Equity Shares of Face Value of Re. 1/- each to 4,36,53,560 Equity Shares of Face Value of Re. 1/-each.

The said Equity Shares shall be listed on the BSE Limited and the National Stock Exchange of India Limited.

Source : Equity Bulls

Keywords

DRCSystemsIndia SharesAllotment PreferentialIssue SomaniMultibiz