You are here: Home » News-CM » Companies » News
Business Standard

Board of Piramal Enterprises allots 85,280 equity shares on conversion of CCDs

Topics
Business Finance

Capital Market 

At meeting held on 07 September 2018

The Board of Piramal Enterprises at its meeting held on 07 September 2018 has approved the allotment of 85,280 Equity shares of face value of Rs.2 each at a conversion premium of Rs.2,688 per share pursuant to optional conversion of 2,132 CCDs of face value of Rs.1,07,600 each aggregating to Rs.22,94,03,200.

Pursuant to the aforesaid allotment the paid up share capital of the Company stands increased from 18,05,97,983 equit) shares of Rs.2 each amounting to Rs. 36,11,95,966 to 18,06,83,263 equity shares of Rs.2 each amounting to Rs. 36, 13,66,526.

Powered by Capital Market - Live News

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

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, September 08 2018. 16:40 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU