LKP Securities Ltd allots 29,94,011 shares to LKP Finance Ltd

The Allotment Committee of the Board of Directors of LKP Securities Ltd have approved and allotted 29,94,011 (Twenty Nine Lacs Ninety Four Thousand and Eleven) Equity Shares of a face value of ₹ 2/- each fully paid up, to LKP Finance Limited, Promoter Group Company, pursuant to conversion of 29,94,011 Warrants allotted to them on preferential allotment basis on July 25, 2022 and upon the receipt of balance 75% of the subscription money. These equity shares allotted on conversion of the warrants, shall rank pari passu in all respects with the existing equity shares.

The shareholding of LKP Finance Limited after allotment of Equity Shares upon exercise of Warrants will be 8.34% of the Equity Share Capital.

Consequent to above allotment, the paid-up equity shares capital of the Company has increased from ₹ 15,04,29,732/- (Rupees Fifteen Crore Four Lakh Twenty Nine Thousand Seven Hundred and Thirty Two only) divided into 7,52,14,866 (Seven Crore Fifty Two Lakh Fourteen Thousand Eight Hundred and Sixty Six) Equity Shares of ₹ 2/- (Rupees Two only) each to ₹ 15,64,17,754/- (Rupees Fifteen Crore Sixty Four Lakh Seventeen Thousand Seven Hundred and Fifty Four only) divided into 7,82,08,877 (Seven Crore Eighty Two Lakh Eight Thousand Eight Hundred and Seventy seven) Equity Shares of ₹ 2/- (Rupees Two only).

Shares of LKP Securities Ltd was last trading in BSE at Rs. 12.85 as compared to the previous close of Rs. 12.54. The total number of shares traded during the day was 63504 in over 93 trades.

The stock hit an intraday high of Rs. 13.00 and intraday low of 12.51. The net turnover during the day was Rs. 814108.00.

Source : Equity Bulls

Keywords

LKPSecurities INE341H01023 SharesAllotment LKPFinance WarrantsConversion