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Board of Steel Strips Wheels approves preferential allotment of convertible warrants

Capital Market 

At held on 12 April 2018

The Board of have considered and approved to create, offer, issue and allot, from time to time in one or more tranches up to 7,50,000 Convertible Warrants on preferential basis to Sunena Garg, a person belonging to Promoter Category of the Company at a Price of Rs. 1162.00/- each aggregating up to Rs.87.15 crore or such higher price as may be arrived at in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ('ICDR Regulations').

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

First Published: Thu, April 12 2018. 13:36 IST