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Board of Zen Technologies approves issue of convertible warrants on preferential basis

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Capital Market

At meeting held on 27 December 2018

The Board of Zen Technologies at its meeting held on 27 December 2018 has approved the following -

Approved the proposal for issue of 23,49,940 Convertible Warrants, convertible into one equity share upon exercising the Warrant, at an issue price of Rs. 76 per Warrant so as to raise up to Rs. 17.85 crore on a preferential basis to Investors.

Approved convening of an Extra-Ordinary General Meeting (EGM) of the Company to be held on 22 January, 2019 for seeking the shareholders approval for the aforesaid preferential issue.

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First Published: Dec 27 2018 | 11:16 AM IST

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