WALCHANDNAGAR INDUSTRIES LTD. - Announcement under Regulation 30 (LODR)-Allotment
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| 21 Oct 2022 | |
| In furtherance to our letter dated August 29, 2022 and pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform that the Board of Directors of the Company at its meeting held on October 21, 2022 has approved the allotment of 78,10,000 (Seventy eight lakh ten thousand) equity shares of face value INR 2 (Rupee two) each fully paid-up by way of preferential allotment (Allotment) for cash consideration, to Promoters / Promoters Group Entities, namely Mr. Chakor L. Doshi, Mr. Chirag C. Doshi, Mrs. Champa C. Doshi and Walchand Great Achievers Pvt. Ltd., and to a Non-Promoter, namely Asset Care & Reconstruction Enterprise Limited (acting in its capacity as trustee of ACRE 120-Trust), at a price of INR 60 (Rupees Sixty) per Equity Share (including premium of INR 58 (Rupees Fifty Eight) each) aggregating to INR 46,86,00,000/- (Rupees Forty six crore eighty six lakhs only). | |
| View all announcements for WALCHANDNAGAR INDUSTRIES LTD. | Source: BSE India |
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