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Securekloud Technologies Ltd - Allotment Of 45,00,000 Convertible Warrants On A Preferential Basis.
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17 Mar 2021
We wish to inform you that, pursuant to the In-principle approval received from BSE Limited and National Stock Exchange of India Limited vide letters no. DCS/PREF/PB/PRE/1083/2020-21 dated 12.03.2021 and NSE/LIST/26071 dated 12.03.2021 respectively, Board at its meeting held today March 17, 2021 has issued and allotted 45,00,000 (Forty-Five Lakhs) convertible warrants at a price of Rs. 100/- (Rupees One Hundred Only) per warrant to Mr. Suresh Venkatachari, Promoter &amp; CEO entitling him for the subscription of equivalent number of equity shares of face value of Rs. 5/- (Rupees Five only) each fully paid-up at an issue price of Rs. 100/- (Rupees One Hundred Only) each (out of which Rs. 95/- &#40;Rupees Ninety-Five only&#41; share towards premium).&lt;BR&gt; The Company has received the upfront payment of 25% i.e., Rs. 11,25,00,000/- (Rupees Eleven Crores Twenty-Five Lakhs Only) of the total consideration as per the terms of preferential issue.
View all announcements for Securekloud Technologies Ltd Source: BSE India

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