Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessAnnouncementsSungold Capital to allot 23 Lk equity shares on conversion of warrants

    Sungold Capital to allot 23 Lk equity shares on conversion of warrants

    Sungold Capital to approve allotment of 23 Lk equity shares of Rs 10 each at par in lieu of convertible equity warrants of 38 Lk to the Promoters and promoter group who tendered the balance 75% of consideration of Rs. 1,72,50,000/- against the conversion of 23,00,000 Convertible Equity Warrants

    February 07, 2013 / 18:32 IST

    Sungold Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2013, has considered and taken on record the following :- To Approve the allotment of 23,00,000 Equity Shares of Rs. 10/- each at par in lieu of Convertible Equity Warrants of 38,00,000 to the Promoters and promoter group (allottees) who tendered the balance 75% of consideration of Rs. 1,72,50,000/- against the conversion of 23,00,000 Convertible Equity Warrants pursuant to the Preferential allotment in accordance with the provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.Source : BSE

    Read all announcements in Sungold Capital

    Read More Read More

    first published: Feb 7, 2013 06:32 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347