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Board of Bodal Chemicals allots 1.50 crore convertible warrants

Capital Market 

At meeting held on 12 July 2019

The Board of Bodal Chemicals at its meeting held on 12 July 2019 has allotted 1,50,00,000 share warrants at Rs.115/- per warrant convertible to Equity shares of Rs. 2/- each at a premium of Rs.113/- per share.

The Company has received the upfront payment of 25% of the total consideration as per the terms of the issue on these 1,50,00,000 share warrants. As the Company has allotted convertible warrants there rs no change in the paid-up capital of the Company

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

First Published: Fri, July 12 2019. 14:18 IST