IM+ Capitals Limited approves conversion of 13,20,000 warrants

The Board of Directors of IM+ Capitals Limited at its meeting held on today i.e. Wednesday, 05th July, 2023, has, accorded its approval/consent for issuance and allotment of 13,20,000 number of equity shares pursuant to conversion of 13,20,000 number of warrants convertible in to equivalent number of equity shares to the person(s) belonging to Promoter and Non-Promoter Group on preferential basis after receipt of balance amount of 75% against each warrant towards full and final subscription amount for conversion of same into equity shares.

Pursuant to above said allotment of equity shares allotted pursuant to conversion of warrants, the issued and paid-up Equity Share Capital of the Company stands increased to Rs. 9,80,15,970/- divided into 9801597 equity shares of face value of Re 10/- each.

The Equity Shares allotted pursuant to conversion of warrants as stated above shall rank pari-passu in all respect and carry the same rights as the exiting equity shares of the company including dividends and other corporate benefits, if any, declared by the Company after the said allotment.

Shares of IM+ Capitals Limited was last trading in BSE at Rs. 439.00 as compared to the previous close of Rs. 444.30. The total number of shares traded during the day was 2444 in over 24 trades.

The stock hit an intraday high of Rs. 454.20 and intraday low of 435.00. The net turnover during the day was Rs. 1095618.00.

Source : Equity Bulls

Keywords

IMplusCapitals INE417D01012 FundRaising SharesAllotment WarrantsConversion