Held on 13 December 2019
The Board of GKB Ophthalmics at its meeting held on 13 December 2019 has approved to call for the remaining 75% of Rs 155 i.e. Rs 116.25 per warrant pertaining to 7.50 lakh equity convertible warrants of Rs 10 at a premium of Rs 145 allotted by the company on preferential basis on 27 July 2018.The Board also decided that in order to minimize the cost of rental and other operational costs, the factor for the said joint venture will now be located at the unutilised existing factory building at Mapusa, Goa instead of Banda, Maharashtra.
The Board took note that in case the "Other lnvestors" do not subscribe to the 15% stake, the same would be subscribed by K.G. Gupta & Family.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app