Xpro India Ltd allots shares on conversion of warrants

Upon receipt of an amount aggregating to Rs.18,74,52,000/- at the rate of Rs. 571.50 per warrant (being the balance 75% of the issue price per warrant) from M/s Central India General Agents Limited ("CIGAL") and M/s Janardhan Trading Co. Limited ("JTCL") warrant holders, as per the terms of issue of Warrants, the Board of Directors of Xpro India Limited, has today i.e. March 14,2023, considered and approved the allotment of 262,000 and 66,000 fully paid equity shares of Rs. 10 each of the Company (at a premium of Rs. 752 per share), to CIGAL and JTCL, respectively.

Further, the Board has also approved allotment of 131,000 and 33,000 equity shares to CIGAL and JTCL respectively as bonus shares (in the ratio of l (one) fully paid-up Equity share of Rs.10 each for every 2 (two) fully paid-up Equity Shares of Rs.10 each) which were kept in reserve for issue and allotment upon exercise of option to convert the warrants into fully paid-up Equity shares of Rs. 10 each of the company.

Following the aforesaid issue/allotment, the issued and paid up capital of the Company stands increased to Rs. 18,21,22,440/- consisting of 1,82,12,244 equity shares of Rs. 10/- each.

The equity shares so allotted, shall rank pari passu with the existing equity shares of the Company.

Shares of Xpro India Limited was last trading in BSE at Rs. 545.95 as compared to the previous close of Rs. 552.10. The total number of shares traded during the day was 2814 in over 435 trades.

The stock hit an intraday high of Rs. 554.95 and intraday low of 540.00. The net turnover during the day was Rs. 1540642.00.

Source : Equity Bulls

Keywords

XproIndia INE445C01015 SharesAllotment WarrantsConversion