You are here: Home » News-CM » Companies » News
Business Standard

Western India Shipyard allots shares and warrants to Bermaco Energy

Capital Market 

On 14 April 2017

Shipyard announced that the Share Allotment Committee approved the allotment of 9,25,00,000 equity of the Company to Bermaco Energy at face value of Rs. 2 (at par) each fully paid-up, for which the Company has received an amount of Rs.18.50 crore.

The Share Allotment Committee also approved the allotment of 3,25,00,000 warrants of the Company to Bermaco Energy at face value of Rs.2 (at par) each, aggregating to Rs.6.50 crore, convertible into equivalent number of equity within a period of 18 months, for which the Company has received an amount of Rs.1.62 crore, being 25% of the aggregate consideration towards the warrants. The issued and the arising on conversion of the warrants are subject to lock in of one year from the date of allotment of the dated 31 March 2017 received from BSE.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Western India Shipyard allots shares and warrants to Bermaco Energy

On 14 April 2017

On 14 April 2017

Shipyard announced that the Share Allotment Committee approved the allotment of 9,25,00,000 equity of the Company to Bermaco Energy at face value of Rs. 2 (at par) each fully paid-up, for which the Company has received an amount of Rs.18.50 crore.

The Share Allotment Committee also approved the allotment of 3,25,00,000 warrants of the Company to Bermaco Energy at face value of Rs.2 (at par) each, aggregating to Rs.6.50 crore, convertible into equivalent number of equity within a period of 18 months, for which the Company has received an amount of Rs.1.62 crore, being 25% of the aggregate consideration towards the warrants. The issued and the arising on conversion of the warrants are subject to lock in of one year from the date of allotment of the dated 31 March 2017 received from BSE.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Western India Shipyard allots shares and warrants to Bermaco Energy

On 14 April 2017

Shipyard announced that the Share Allotment Committee approved the allotment of 9,25,00,000 equity of the Company to Bermaco Energy at face value of Rs. 2 (at par) each fully paid-up, for which the Company has received an amount of Rs.18.50 crore.

The Share Allotment Committee also approved the allotment of 3,25,00,000 warrants of the Company to Bermaco Energy at face value of Rs.2 (at par) each, aggregating to Rs.6.50 crore, convertible into equivalent number of equity within a period of 18 months, for which the Company has received an amount of Rs.1.62 crore, being 25% of the aggregate consideration towards the warrants. The issued and the arising on conversion of the warrants are subject to lock in of one year from the date of allotment of the dated 31 March 2017 received from BSE.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22