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Sequent Scientific allots convertible warrants

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Capital Market
Last Updated : Apr 13 2015 | 11:01 AM IST

On 11 April 2015

Sequent Scientific announced that pursuant to the resolution passed by the members of the Company at the Extraordinary General Meeting held on 31 March 2015, the Company on 11 April 2015 has allotted 1,100,000 warrants at a price of Rs. 475/- per warrant (including a premium of Rs. 465/- per warrant) convertible into 1,100,000 equity shares of Rs. 10/- to M/s. Pronomz Ventures LLP, a Promoter Group Entity.

The warrants are convertible into equity shares within a period of 18 months from the date of issue.

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First Published: Apr 13 2015 | 9:50 AM IST

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