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Board of HealthCare Global Enterprises approves increase in authorized share capital

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Capital Market

At meeting held on 07 May 2020

The Board of HealthCare Global Enterprises at its meeting held on 07 May 2020 has approved the following -

Increase of authorized share capital of the Company from Rs 132 crore to Rs 200 crore comprising of 20 lakh equity shares of Rs 10 each and consequent alteration of Capital Clause V of the Memorandum of Association of the Company.

The Board has approved the allotment of 2,95,16,260 equity shares and 2,25,67,073 convertible warrants to Aceso Company (investor) on preferential basis.

The Board has approved the allotment of 20 lakh convertible warrants to Dr B S Ajaikumar (promoter) on preferential basis.

 

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First Published: May 07 2020 | 3:19 PM IST

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