FUTURE RETAIL LTD. - Allotment of Equity Shares on exercise of option on Equity Warrants
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| 01 Oct 2014 | |
| Future Retail Ltd has informed BSE that the Committee of Directors of the Company at their Meeting held on October 01, 2014, have made allotment of 51,28,205 Equity shares of Rs. 2/- each at a premium of Rs. 128/- per share aggregating Rs. 66,66,66,650/- to Future Resources Limited (FCRL) being a company within the Promoter Group, on conversion of part of Equity Warrants allotted to them, on receipt of balance amount payable on such number of warrants.<br/><br/>Consequently, the paid-up capital of the Company has increased from Rs. 49,44,71,952/- (Rupees Forty Nine Crore Forty Four Lac Seventy One Thousand Nine Hundred and Fifty Two) comprising of 23,13,06,824 (Twenty Three Crore Thirteen Lac Six Thousand Eight Hundred and Twenty Four) Equity shares of Rs. 2/- each and 1,59,29,152 (One Crore Fifty Nine Lac Twenty Nine Thousand One Hundred and Fifty Two) Class B (Series 1) Shares of Rs. 2/- (Rupees Two only) each to Rs. 50,47,28,362/- (Rupees Fifty Crore Forty Seven Lacs Twenty Eight Three Hundred and Sixty Two) comprising of 23,64,35,029 (Twenty Three Crore Sixty Four Lacs Thirty Five Thousand and Twenty Nine) Equity shares of Rs. 2/- each and 1,59,29,152 (One Crore Fifty Nine Lac Twenty Nine Thousand One Hundred and Fifty Two) Class B (Series 1) Shares of Rs. 2/- (Rupees Two only) each.<br/><br/>Post above allotment, FCRL now holds balance 25,64,102 Equity Warrants and 1,34,98,300 Class B Warrants, on which option can be exercised at any time upto February 18, 2016. | |
| View all announcements for FUTURE RETAIL LTD. | Source: BSE India |
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