PANACEA BIOTEC LTD. - Disclosure Under Regulation 30 Read With Schedule III Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Non Exercise Of Option To Convert The Warrants Into Equity Shares

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PANACEA BIOTEC LTD. - Disclosure Under Regulation 30 Read With Schedule III Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Non Exercise Of Option To Convert The Warrants Into Equity Shares

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08 Oct 2020
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that since the Warrant Holders did not exercise the conversion option within the aforesaid period, the Warrants stand cancelled / lapsed and the upfront amount of Rs.31,99,99,995/- (equivalent to 25% of total consideration) as received by the Company from the Warrant Holders, towards allotment of the said Warrants stands forfeited in accordance with the terms of the said Warrants and as per the provisions of Regulation 169(3) of Chapter V of SEBI ICDR Regulations
View all announcements for PANACEA BIOTEC LTD.	Source: BSE India

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