Board of Kwality approves conversion of warrants

At meeting held on 19 February 2018

The Board of Kwality at its meeting held on 19 February 2018 has approved the conversion of -

a) 1 (One) convertible warrant into 21,69,762 equity shares at a price of Rs 115.22/- per share aggregating to Rs 25 crore allotted to Bennett, Coleman & Co at a face value of Rs 1/- each and;

b) 1 (One) Compulsorily Convertible Debenture into 12,15,066 equity shares at a price of Rs 115.22/- per share aggregating to Rs 14 crore allotted to HT Media at a face value of Rs 1/- each.

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