Prabha Energy Converts 9.5M Partly Paid Shares to Fully Paid

Prabha Energy Ltd has announced the conversion of 9,513,903 partly paid-up equity shares into fully paid-up equity shares. This follows the payment of outstanding First Call Money and Second and Final Call Money. The conversion involved two tranches: 8,795,395 shares that were 67% paid-up and 7,185,08 shares that were 34% paid-up. All converted shares have an issue price of ₹144 per share, comprising ₹1 face value and ₹143 in securities premium.