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WOCKHARDT LTD. - Updates
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24 Feb 2016
Wockhardt Ltd has informed BSE that on February 23, 2016, Khorakiwala Holdings and Investments Private Limited, Promoter Group Company, have acquired 43,233,260 Non-Convertible Cumulative Redeemable Preference Shares (NCCRPS) and 18,528,540 Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS) of the Company for an amount aggregating to Rs. 9,26,42,700 and Rs. 26,75,13,694 respectively.&lt;BR&gt;&lt;BR&gt;Further the Company has informed that, as the ratio of conversion of OCCRPS into equity shares is dependent on the price to be calculated on the &apos;Relevant Date&apos;, which is future date, it is not possible to ascertain the number of equity shares to be allotted on conversion. Hence, the paid up equity capital of the company and % of total share capital after the conversion of OCCRPS into equity shares is not ascertainable.
View all announcements for WOCKHARDT LTD. Source: BSE India