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Board of Inanna Fashion and Trends allots 1.50 crore warrants

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Capital Market

At meeting held on 30 January 2018

The board of Inanna Fashion and Trends at its meeting held on 30 January 2018 approved the following -

1. The Board of Directors of the company resolved to allot 1,50,00,000 Warrants at a price of Rs. 8 each amounting to Rs. 12 crore on preferential basis to Rahul Saraf, which will be subject to the approval by shareholders of the company, regulatory approvals and Rahul Saraf fulfilling Open Offer obligations;
2. Relevant Date as per chapter VII of the SEBI (ICDR) Regulations shall be 30 January 2018;
3. Conduct Extra Ordinary General Meeting of the shareholders of the company on 01 March 2018
4. Approved draft of notice dated 30 January 2018.

 

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First Published: Jan 30 2018 | 7:29 PM IST

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