DCW allots 3.30 crore equity shares and 70.38 lakh convertible warrants

DCW has approved the allotment of 3,30,04,082 Equity Shares having face value of Rs. 2 each at a price of Rs. 18 per equity share (including premium of Rs. 16 each) aggregating to Rs. 59,40,73,476 and (ii) 70,38,882 Warrants convertible into Equity Shares of the Company having face value of Rs. 2 each at a price of Rs. 18 per equity share (including premium of Rs. 16 each ) aggregating to Rs. 3,16,74,974 (towards 25% of the issue price paid by the allottees) to Promoters, Business Associates including relatives of Business Associates and Investors.

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