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Board of MosChip Technologies approves preferential allotment of 31.12 equity shares

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Capital Market

On 18 October 2022

The Board of MosChip Technologies on 18 October 2022 has approved the allotment of 31,12,203 equity shares of face value of Rs.2/- at a price of Rs. 61.05 per equity share aggregating to Rs.18,99,99,993 Mayuka Holdings, Promoter of the Company on a preferential basis upon conversion of partial outstanding unsecured loan.

Consequent to the above allotment the total number of equity shares of the Company has increased from 160,847,590 to 163,959,792 shares.

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First Published: Oct 19 2022 | 9:34 AM IST

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