AGC Networks allots 16.34 lakh equity shares on conversion of warrants

The Board of AGC Networks on 02 March 2021 has approved allotment of 16,34,828 equity shares of Rs.10/- each pursuant to conversion of fully paid warrants at a price of Rs. 675 per share having face value of Rs. 10/- each including a Premium of Rs.665/- per share, aggregating to Rs.1,10,35,08,900, to persons/ entities forming part of the Promoters/Promoter Group of the Company for cash.

Consequently, w. e. f 02 March 2021 the issued, subscribed and Paid-up share capital of the Company stands increased to Rs 31,56,50,070 (Consisting of 3,15,65,007 equity shares of Rs.10/- each). The aforementioned shares shall rank pari passu with the existing equity shares of the Company.

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