Vani Commercials Ltd Allots 17666663 Equity Shares on Preferential Basis

Vani Commercials Ltd has allotted 17666663 equity shares on a preferential basis to non-promoters/public category at an issue price of Rs. 12/- per share. The allotment is upon receipt of an amount of Rs. 8,42,99,964/- in cash and conversion of loans worth Rs. 12,76,99,992 from the allottees. The allottees include Surbhi Arora and Saumya Srivastava, Vineet Gupta, Kirtish Technologies Private Limited, Stuti Jain, Novaxdigital Technologies and Services Limited, Vani Moto Private Limited, ASI Electric Mobility Private Limited, Krasna Impex Private Limited, and Sri Professionals Private Limited. The issued and paid-up capital of the company stands increased to Rs. 29,40,72,830 consisting of 29407283 equity shares of Rs. 10/- each. The equity shares so allotted shall rank pari-passu with the existing equity shares of the Company.