Mayukh Dealtrade Ltd approves conversion of 6 lakh warrants into equity shares

The Preferential Allotment Committee of Mayukh Dealtrade Limited approved the conversion of 6,00,000 Warrants (Equity Convertible Warrants) into 6,00,000 equity shares of Rs. 5/- each face value fully paid up, at a price of Rs. 9.20/- per share including premium of Rs. 4.20/- per share, upon receipt of warrant conversion exercise amount i.e. 75% (Rs. 6.90/- per warrant) and conversion application by warrant holders, the committee allotted 6,00,000 equity shares pursuant to conversion of warrants in ratio of 1 warrant converted into 1 equity shares, as per terms approved by shareholders through resolution passed in the EOGM held on 17th November, 2022 and SEBI Guidelines for Preferential Issue.

Source : Equity Bulls

Keywords

MayukhDealtrade WarrantsConversion EquityShares FundRaising