NIBE Ltd Allots 15,62,000 Convertible Warrants and 4,40,000 Equity Shares on Preferential Basis

NIBE Ltd has allotted 15,62,000 convertible warrants and 4,40,000 equity shares on a preferential basis. The warrants, each convertible into or exchangeable for 1 fully paid-up equity share, were allotted at a price of Rs. 1258/- including premium of Rs. 1248/-. The equity shares were allotted at an issue price of Rs. 1258/- per equity share. The allotment was approved by the Board of Directors and Members of the Company and received in-principle approval from BSE Limited and National Stock Exchange of India Limited. The allotment has increased the issued, subscribed and paid-up equity share capital of the Company from Rs. 14,50,12,730/- to Rs. 14,94,12,730/-. The Company will be making an application to the stock exchanges for listing and trading approval for the above-mentioned Equity Shares.