Bizotic Commercial Ltd Allots 2,64,000 Equity Shares Post Conversion of Warrants
Bizotic Commercial Ltd has allotted 2,64,000 Equity Shares pursuant to the conversion of 2,64,000 convertible warrants. The allotment was made at an issue price of Rs. 290.00/- per share (including a premium of Rs. 280.00/- per share) to M/s. Bizotic Nexus Private Limited, a Promoter and Promoter Group category allottee. The allotment has been made for cash upon receipt of the remaining exercise price of Rs. 217.50/- per warrant, aggregating to Rs. 5,74,20,000/-. The Equity Shares allotted pursuant to the exercise of warrants on a preferential basis shall rank pari passu with the existing Equity Shares of the Company in all respects. The paid-up equity share capital of the Company has increased from Rs. 9,37,80,000/- to Rs. 9,64,20,000/- post allotment.
Key Highlights
- Allotment of 2,64,000 Equity Shares pursuant to conversion of warrants.
- Allotment made to M/s. Bizotic Nexus Private Limited at an issue price of Rs. 290.00/- per share.
- Allotment for cash upon receipt of the remaining exercise price of Rs. 217.50/- per warrant.
- Increase in the paid-up equity share capital from Rs. 9,37,80,000/- to Rs. 9,64,20,000/- post allotment.
- Company to make an application to the Stock Exchange for listing and trading of the newly issued and allotted Equity Shares.
Price Impact