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Board of Kohinoor approves allotment of 58 lakh warrants and 18.30 lakh equity shares

Capital Market 

At meeting held on 04 October 2018

The Board of Kohinoor Foods at its meeting held on 04 October 2018 has approved the following -

1. Allotment of 58,14,000 nos. of Warrants having attached thereto the right to convert into equal number of Equity Shares of the Company, to the Promoters, pursuant to Special Resolution passed by the Members of the Company on 25 September, 2017 and receipt of In-principle approval from Stock Exchanges.

2. Allotment of 18,30,000 nos. of Equity Shares @ Rs. 76/- per share (face value Rs. 10/- per share and Premium of Rs. 66/- per share) amounting to Rs. 13,90,80,000/- (Rupees Thirteen Crore Ninety Lakh Eighty Thousand) pursuant to conversion of Warrants into equal number of Equity Shares of the Company, to the Promoters (Jugal Kishore Arora, Satnam Arora and Gurnam Arora).

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

First Published: Thu, October 04 2018. 14:55 IST
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