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Board of Greenlam Industries approves preferential issue of shares for Rs 195 cr

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Capital Market
Last Updated : Jun 20 2022 | 10:16 AM IST

At meeting held on 20 June 2022

The Board of Greenlam Industries at its meeting held on 20 June 2022 has approved issuance of up to 63,10,680 equity shares of Re 1 each of the Company to Smiti Holding and Trading Company (Investor) (which is 100% ultimately beneficially owned by Jalaj Ashwin Dani and Vita Jalaj Dani), a qualified institutional buyer on a preferential basis at a price of Rs. 309 per equity share aggregating to Rs. 195 crore.

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First Published: Jun 20 2022 | 9:58 AM IST

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