On preferential basis
Vipul Dye Chem announced that the Board of Directors of the Company at its meeting held on 06 July 2016, inter alia, has allotted the 22,50,000 Warrants convertible into even number of Equity Shares of Rs. 10/- each of the Company at an issue price of Rs. 40/- each (including premium of Rs. 30/- per share) on preferential basis upon receipt of 25% of issue price from the allottees in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as approved by the members of the Company in their Extra Ordinary General Meeting held on 13 June 2016.The above warrants entitle the allottees to apply for and be allotted even number of equity shares for each warrant held by them on payment of balance 75% of the issue price within 18 months from the date of issue of these warrants.
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