Board of Kridhan Infra allots equity shares on conversion of warrants

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Capital Market
Last Updated : Mar 27 2015 | 5:28 PM IST

At meeting held on 27 March 2015

Kridhan Infra announced that one of the holders of Warrants (namely Mr. Anil Agrawal - the Promoter) has exercised his right of conversion of Warrants into Equity shares and accordingly the Board of Directors at their meeting held on 27 March 2015 have allotted 30,00,000 Equity Shares of Rs. 2/- each fully paid up on account of conversion of 6,00,000 Warrants of Rs. 10/- (Post sub-division of the face value of Equity Shares from Rs. 10/- to Rs.2/-, 6,00,000 Warrants of Rs.10/- each have become 30,00,000 Warrants of Rs.2/-) each (i.e. the ratio of 1 Equity Share for every 1 Warrant held).

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First Published: Mar 27 2015 | 3:51 PM IST

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