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

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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.

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

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