Board of Ipca Laboratories approves allotment of 5 lakh convertible warrants to Promoters

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Capital Market
Last Updated : Sep 26 2019 | 12:50 PM IST

At meeting held on 26 September 2019

The Board of Ipca Laboratories at its meeting held on 26 September 2019 has approved the allotment of 5 lakh convertible warrants at a price of Rs. 955/- per warrant with a right to the warrant holders to apply for and be allotted 1 (One) Equity Share of the face value of Rs. 2/- each of the Company at a premium of Rs. 953/- per share for each Warrant, within a period of 18 (Eighteen) months from the date of allotment of the Warrants, aggregating to Rs. 47.75 crore to the persons / entities forming part of the Promoters / promoter group of the Company.

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First Published: Sep 26 2019 | 12:40 PM IST

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