Kamdhenu Ltd Makes Payment for Conversion of Warrants into Equity Shares in Kamdhenu Ventures Limited

Key Highlights

• Kamdhenu Ltd has made a payment of Rs. 7,46,89,500/- for the conversion of warrants into equity shares of Kamdhenu Ventures Limited.
• The payment is 75% of the total cost of acquisition, with the remaining 25% paid at the time of allotment of warrants.
• Post conversion, Kamdhenu Ltd will hold 4.45% of the post-issue paid-up capital of KVL.
• This is a strategic investment by Kamdhenu Ltd in the Group Paint Business.
• No governmental or regulatory approval is required for the acquisition.