On conversion of warrants
Avon Lifesciences announced that as per the terms of 1,05,00.000 (One Crore Five Lacs) Warrants issued by the Company on 12 August 2015 on preferential basis, the Allotment Committee of the Board of Directors of the Company at the meeting held on 21 October 2015, has upon receipt of balance of 75% consideration aggregating to Rs. 52,00,000/- (Rupees Fifty Two Lacs only) has approved allotment of 2,00,000 (Two Lacs) Equity Shares upon conversion of equivalent number of warrants at an issue price of Rs. 26 per share.Powered by Capital Market - Live News