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Board of Sanrhea Technical Textile approves conversion of warrants

Capital Market 

At meeting held on 09 March 2018

The Board of at its meeting held on 09 March 2018, inter alia, have approved the conversion of 3,49,000 warrants into 3,49,000 Equity Shares of Rs.10/- each out of total 7,90,000 warrants allotted on November 24, 2017 on preferential allotment basis to the group. Pursuant to exercise of their rights of conversion of warrants into equity shares and accordingly the Board of Directors have allotted 3,49,000 equity shares at Rs. 15/- each (including Rs. 5/- premium) on account of conversion.

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

First Published: Fri, March 09 2018. 12:10 IST