Kiri Industries has allotted 43,93,592 equity shares pursuant to conversion of 4393592 warrants (out of outstanding 9539038 Warrants) at an issue price of Rs. 369/- per share (including a premium
of Rs. 359/-) (warrant issue price), to the promoters and members of the Promoter group, on a preferential basis.
The Company has received balance consideration of Rs. 181/- per warrant i.e. 49.0515% of the warrants issue price, aggregating to Rs. 79,52,40,152/-.
Pursuant to the aforesaid conversion, the paid-up equity share capital of the Company stands increased to Rs. 60,02,25,540/- divided into 60022554 fully paid-up Equity Shares of Rs.10/- each. The new equity shares so allotted shall rank pari-passu with the existing equity shares of the Company.
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