ROSSELL INDIA LTD. - In-Principle Approval Under Regulation 28(1) Of The SEBI (Listing Obligations And Disclosure Requirements), Regulations, 2015
Download 
|
< Back |
| 15 Jul 2022 | |
| We thank you for your letter Ref. No. LOD/PREF/VJ/FIP/2353/2022-23 dated 23rd June, 2022 and write to advise you that the Board of Directors of the Company has since allotted 10,00,000 0.01% CCPS of Rs. 10 each at Rs. 156 per Share to BMG Enterprises Ltd, the Holding Company on Preferential Basis and have been subjected to lock in as per Regulation 167 (1) of SEBI ICDR Regulations, 2018. As you are aware, as per terms of the issue of CCPS, these shares are convertible into Equity Shares of Rs. 2 each of the Company on or before the expiry of 18 months from the date of allotment viz. 27/06/2022. Since the CCPS are not proposed to be listed and the In-Principle approval, very kindly granted by you, is in respect of 10,00,000 Equity Shares of Rs.2 each to be allotted on conversion of CCPS, we are not making any listing application at this stage and the same would be made within the stipulated period from the date of allotment of Equity Shares upon conversion of the said CCPS. | |
| View all announcements for ROSSELL INDIA LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback