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Board of Faze Three allots shares on conversion of warrants

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Capital Market

At meeting held on 26 December 2017

The Board of Faze Three has allotted 7,00,000 Equity Shares to promoter of the Company on conversion of 7,00,000 convertible equity warrants. Subsequently, the paid up share capital of the Company has increased to Rs 24.31 crore comprising of 2,43,19,000 equity shares of Rs 10 each. The shareholding of promoter and promoter group has increased from 40.78% to 42.48% of the total paid up share capital of the Company.

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First Published: Dec 26 2017 | 12:29 PM IST

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