Shah Metacorp Allots 65 Lakh Shares to Promoter Mona Shah

Shah Metacorp Ltd announced the allotment of 65,00,000 fully paid-up Equity Shares to Ms. Mona Viral Shah, a Promoter and Director. This allotment is a result of the exercise of rights attached to convertible warrants previously issued on a preferential basis. The issue price was Rs. 4.71 per share, including a premium of Rs. 3.71. The company received the balance consideration of Rs. 2,29,61,250/- for these warrants. This allotment has increased the company's paid-up equity share capital to Rs. 1,02,63,74,228/-. The newly allotted shares will rank pari passu with existing equity shares.