Business Standard

Board of Ipca Laboratories approves allotment of 5 lakh convertible warrants to Promoters

Image

Capital Market

At meeting held on 26 September 2019

The Board of Ipca Laboratories at its meeting held on 26 September 2019 has approved the allotment of 5 lakh convertible warrants at a price of Rs. 955/- per warrant with a right to the warrant holders to apply for and be allotted 1 (One) Equity Share of the face value of Rs. 2/- each of the Company at a premium of Rs. 953/- per share for each Warrant, within a period of 18 (Eighteen) months from the date of allotment of the Warrants, aggregating to Rs. 47.75 crore to the persons / entities forming part of the Promoters / promoter group of the Company.

Powered by Capital Market - Live News

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 26 2019 | 12:40 PM IST

Explore News