Subros announced that Allotment Committee of the Board of Directors of the Company at its meeting held on 07 December 2018 has allotted 52,47,150 Equity Shares of Rs. 2/- each, on preferential basis, at a price of Rs. 400/- per Equity Share (including a premium of Rs. 398/- per equity share) to DENSO Corporation, Japan for a total consideration of Rs 209.88 crore.
Further, upon allotment, the equity paid-up capital of the Company stands increased to Rs. 13,04,71,500 divided into 6,52,35,750 equity shares of Rs. 2/- each) from Rs. 11,99,77,200 divided into 5,99,88,600 equity shares of Rs. 2/- each.
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