Ashok Alco-Chem Ltd converts loan into shares of Aeon Procare Pvt Ltd

Ashok Alco-Chem Limited has exercised its option to convert Loan amounting to Rs. 5,00,00,000 (Rs. Five Crore) into Equity Shares of Aeon Procare Private Limited, Wholly Owned Subsidiary (hereinafter referred to as "Aeon" or "Subsidiary Company").

Accordingly, Aeon has issued and allotted 50,00,000 Equity Shares of Rs. 10 each, at par, on 1st December, 2022. There will be no change in the status and Aeon will remain Wholly Owned Subsidiary of the Company.

Shares of ASHOK ALCO-CHEM LTD. was last trading in BSE at Rs. 70.30 as compared to the previous close of Rs. 69.80. The total number of shares traded during the day was 33857 in over 92 trades.

The stock hit an intraday high of Rs. 72.85 and intraday low of 69.05. The net turnover during the day was Rs. 2365970.00.

Source : Equity Bulls

Keywords

ASHOKALCOCHEM INE994D01010 LoanConversion EquityShares AeonProcare