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Religare Enterprises allots 2.81 crore equity shares on conversion of warrants

Capital Market 

Religare Enterprises has allotted 2,81,67,610 Equity Shares of face value of Rs. 10 each (with a premium of Rs 42.30 each) pursuant to exercise of conversion option of 2,81,67,610 warrants issued by the Company on 19 April 2018, on preferential basis.

Upon the allotment of 28,167,610 equity shares, the paid up equity share capital of the Company has increased to Rs. 2,581,281,530 comprising of 258,128,153 equity shares of the face value of Rs. 10/- each.

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

First Published: Sat, October 19 2019. 11:01 IST