Don’t miss the latest developments in business and finance.

Board of Libord Finance allots 16.50 lakh equity shares on conversion of warrants

Image
Capital Market
Last Updated : Feb 26 2019 | 7:50 PM IST

At meeting held on 26 February 2019

The Board of Libord Finance at its meeting held on 26 February 2019 has allotted 13,00,000 Equity Shares @ Rs. 10/- each to Promoter Group and 3,50,000 Equity Shares @ Rs. 10/- each to Non-promoters aggregating upto 16,50,000 Equity Shares upon conversion of 16,50,000 Warrants issued and allotted on preferential basis on 7 December 2017 in respect of which the right to conversion has been exercised by the respective allottees upon receipt of balance 75% of warrant price in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Powered by Capital Market - Live News

Also Read

First Published: Feb 26 2019 | 4:12 PM IST

Next Story