Genus Prime Infra Allots 7.79 Cr Equity Shares Post Scheme

Genus Prime Infra Ltd has announced the allotment of equity and preference shares following the Hon'ble NCLT's approval of a Scheme of Arrangement. The company allotted 5,07,76,631 fully paid-up equity shares to GPIL shareholders and 1,22,74,139 fully paid-up equity shares to YCL shareholders, both with a face value of ₹2/- each. Additionally, 4,88,000 Zero Coupon Redeemable Preference Shares and 18,00,000 9% Cumulative Non-Convertible Redeemable Preference Shares, both with a face value of ₹100/- each, were allotted to YCL preference shareholders. This increases the company's issued and paid-up equity share capital to ₹15,59,54,420, comprising 7,79,77,210 equity shares. The preference share capital also saw a corresponding increase. No new shares were issued for the amalgamation of wholly-owned subsidiaries Sansar Infrastructure, Star Vanijya, and Sunima Trading. All inter-se shareholding in Yajur Commodities Limited will be cancelled. The newly allotted equity shares will be listed and rank pari passu with existing shares, while preference shares will remain unlisted.