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Subros allots 52.47 lakh equity shares to DENSO Corporation, Japan

Capital Market 

Subros announced that of the Board of Directors of the Company at its meeting held on 07 December 2018 has allotted 52,47,150 Shares of Rs. 2/- each, on preferential basis, at a price of Rs. 400/- per (including a premium of Rs. 398/- per share) to DENSO Corporation, 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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 12:18 IST