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Womens Next Loungeries outcome of board meeting

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Capital Market

Held on 14 May 2018

The board of Womens Next Loungeries at the meeting held on 14 May 2018, has allotted 1,20,000 Equity Shares of the Company of nominal value of Rs. 10/- each at a price of Rs. 60/- per share (which includes premium of Rs. 50/- per share) on the conversion of equal number of convertible warrants on preferential basis to the Promoter of the Company for cash and 9,50,000 Equity Shares of the Company of nominal value of Rs. 10/- each at a price of Rs. 60/- per share (which includes premium of Rs. 50/- per share) on the conversion of equal number of convertible warrants on preferential basis to the Creditors belong to Non-promoters for other than cash.

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First Published: May 15 2018 | 12:37 PM IST

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