Kamdhenu Ltd Pays ₹7.65 Cr for KVL Warrant Conversion

Kamdhenu Ltd has paid ₹7,65,00,000 (₹7.65 Crore) representing 75% of the amount towards the conversion of 1,50,00,000 warrants into Equity Shares of Kamdhenu Ventures Limited (KVL). This payment is in furtherance to earlier intimations regarding the allotment and conversion of warrants. KVL will allot 1,50,00,000 Equity Shares to Kamdhenu Ltd in due course. This strategic investment in KVL, which operates in the Paint Industry through its subsidiary, is expected to fuel business expansion and new product launches for KVL. The total cost for this acquisition of 1,50,00,000 equity shares is ₹10,20,00,000 (₹10.20 Crore). Post this allotment, Kamdhenu Ltd's holding in KVL will be 8.62% of KVL's post-issue paid-up capital.