To non promoters of the Company
IOL Chemicals & Pharmaceuticals announced that the Share Allotment Committee of the Board of Directors in its meeting held on 04 July 2014 allotted:11,50,000 equity shares of Rs 10 each at a premium of Rs 18 per share to the non promoters of the Company which will be locked in for a period of one year from the date of trading approval.
1,10,00,000 (One crore ten lac) warrants to the non promoters, carrying an option to the holder of such warrants to subscribe to one equity share of Rs 10 at premium of Rs 18 per share for every warrant held, within 18 months from the date of allotment of the warrants.
Consequent upon the issue of the above 11,50,000 equity shares, the total paid-up capital of the Company stands increased to 39311591 fully paid equity shares of Rs 10 each.
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