ROSSELL INDIA LTD. - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Allotment Of Convertible Securities
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| 29 Jun 2022 | |
| Further to our letter dated 22nd March, 2022 and 28th March, 2022, we write to advise you that the Board of Directors by adopting a Resolution by Circulation on 27th June, 2022 has allotted 10,00,000 0.01% Compulsorily Convertible Preference Shares(CCPS) of Rs. 10 each at an issue price of Rs.156 per CCPS including Securities Premium of Rs.146 per CCPS aggregating to Rs.15,60,00,000 (Fifteen Crores Sixty Lakhs Only) on preferential basis (for cash consideration) to BMG Enterprises Limited, the Holding Company after obtaining the required regulatory approvals Earlier the shareholders' approval was obtained in this regard, in the General Meeting held on 21st April, 2022. After the above allotment, the Issued, Subscribed and Paid Up Capital of the Company stands enhanced to Rs. 8,33,92,950 from Rs. 7,33,92,950. | |
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