Galaxy Cloud Kitchens Ltd allots 48,40,000 CCDs

The Committee of Directors of the Board of Directors of Galaxy Cloud Kitchens Limited has approved the allotment of 48,40,000 (Forty Eight Lakhs Forty Thousand only) 0% Unsecured Compulsorily Convertible Debentures (CCDs), having face value of Rs. 11/- (Rupees Eleven Only) each fully paid up, aggregating to Rs. 5,32,40,000/- (Rupees Five Crore Thirty-Two Lakhs Forty Thousand Only) and each aforesaid CCDs shall be converted into 1 (one) fully paid up Equity Shares of Rs. 10/- (Rupees Ten Only) each at a premium of Re. 1/- (Rupee One Only) per Equity Share in one or more tranches within a term of 18 months from the date of allotment of CCDs in accordance with the applicable laws and terms and conditions for issuance of CCDs., by way of private placement on preferential basis to FDRT Consultancy Services Limited (Promoter Group - Body Corporate) - 19,02,748 CCDs and Nu Business Ventures Private Limited (Promoter Group - Body Corporate) - 29,37,252 CCDs.

The Company has received a total amount of Rs. 5,32,40,000 /- (Rupees Five Crore Thirty Two Lakh Forty Thousand Only) from the aforesaid allottees, being 100% of the Application Money for the CCDs.

Shares of Galaxy Cloud Kitchens Ltd was last trading in BSE at Rs. 37.75 as compared to the previous close of Rs. 37.02. The total number of shares traded during the day was 10540 in over 18 trades.

The stock hit an intraday high of Rs. 37.76 and intraday low of 37.75. The net turnover during the day was Rs. 397960.00.

Source : Equity Bulls

Keywords

GalaxyCloudKitchens INE403B01016 GCKL FundRaising CCDs PromoterGroup