At meeting held on 29 July 2019
The Board of OCL Iron & Steel at its meeting held on 29 July 2019 has allotted 70 lakh Equity Shares of face value of Re 1 each at a price of Rs 6 per share (including premium of Rs 5 per share), aggregating to Rs 4.20 crore to non-promoter entities by way of preferential allotment.Further, the Company has also allotted 4.85 crore Convertible Warrants, each convertible into, or exchangeable for, one Equity Share of face value of Rs. 1 each, at a price (including the Warrant subscription price and warrant exercise price) of Rs. 6 each aggregating to Rs. 29.10 crore to the non-promoters entities by way of preferential allotment.
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