On 04 January 2017
Rushil Dor announced that the Preferential Allotment Committee of the Board of Directors at its meeting held on 04 January 2017 have issued and allotted 3,17,460 convertible warrants at a price of Rs. 630/- per Warrant to Suryakant Hiralal Parikh representing to Family Fund, a Partnership Firm entitling them for the equivalent number of equity shares of the Company of Rs. 10/- each (including premium of Rs. 620/- per share) as per provisions of Sections 42 and 62 of the Companies Act, 2013 read with Rules framed thereunder and Chapter VII of the SEBI (ICDR) Regulations, 2009.The Company has received the initial payment of Rs. 5 crores (minimum 25% of the total consideration) as per terms of preferential issue of warrants. Company will issue equity shares on receipt of full amount on warrants within time frame.
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