B.R. Goyal Infrastructure Allots 11 Lakh Convertible Warrants

B.R. Goyal Infrastructure Ltd has approved the allotment of 11,00,000 convertible warrants to non-promoter category allottees on a preferential basis. Each warrant is convertible into one fully paid-up equity share of face value ₹10 at an issue price of ₹119 per warrant. The company has received ₹3,27,25,000, representing 25% of the issue price, as subscription money. The warrants carry the right to subscribe to equity shares within 18 months from the allotment date. All proposed warrants were fully subscribed during the offer period.