Business Standard

Board of Gujarat Natural Resources allots 1.05 cr convertible warrants

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Capital Market

At meeting held on 30 December 2020

The Board of Gujarat Natural Resources at its meeting held on 30 December 2020 has allotted on preferential basis 1,05,00,000 convertible Warrants at an issue price of Rs. 12/- per warrant in terms of the special resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on 19 December 2020. The Warrants shall be converted into equal number of equity shares of face value of Rs. 12/- each at any time before eighteen months from the date of allotment.

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First Published: Dec 31 2020 | 4:49 PM IST

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