Intellivate Capital Ventures Limited to change name, allot CCPS

The Board of directors of Intellivate Capital Ventures Limited, at its Meeting held on Thursday, 07th September, 2023 has considered, noted and approved the variation / alteration of preference shareholders rights by issue and allotment of 26,65,242 10% Compulsorily Convertible Preference Shares (CCPS) of Rs. 1 each in lieu of existing 2,47,42,396, 10% Redeemable Non-Convertible Non-Cumulative Preference Shares (RNCPS) of Rs. 1 each.

In aggregate, 26,65,242 CCPS of Rs. 1/-each will be issued and allotted to RNCPS holder; and subsequently the said CCPS will be converted by issue and allotment of 26,65,242 Equity Shares of face value of Rs. 1/- each at a price of Rs. 80/-per Equity Share, (including premium of Rs 79/- per share) a price derived as per Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.

The board also approved the change of Registered Office of the Company from state of Maharashtra to state of Gurugram, (Haryana), subject to approval of shareholders.

The Board of the directors of the Company proposed to change the name of the Company from INTELLIVATE CAPITAL VENTURES LIMITED. To "Food Capital India Limited" or "Culinary Box International Limited" subject to approval of Registrar of Companies and subject to approval of Stock Exchange i.e. the BSE Limited on which the securities are Listed and subject to approval of Shareholders of the Company in and subject to approval of any other authority as may be required.

Shares of INTELLIVATE CAPITAL VENTURES LTD. was last trading in BSE at Rs. 68.12 as compared to the previous close of Rs. 66.79. The total number of shares traded during the day was 135450 in over 14 trades.

The stock hit an intraday high of Rs. 68.12 and intraday low of 68.12. The net turnover during the day was Rs. 9226854.00.

Source : Equity Bulls

Keywords

INTELLIVATECAPITALVENTURES INE512D01028 CCPS Issue NameChange