New Launch3 Mar 2025, 11:59 pm
VIVO BIO TECH LTD. Allots 7,40,000 Equity Shares on Conversion of Warrants
AI Summary
VIVO BIO TECH LTD. has allotted 7,40,000 equity shares of Rs. 10/- each at a premium of Rs. 35/- on conversion of warrants on preferential basis. The allotment was made to Kompella Viswanath and Kompella Modini, both promoters, upon receipt of 75% of the issue price. The total issue price was Rs. 45/- per equity share. This has resulted in an increase in the issued and subscribed share capital of the company to Rs. 16,86,85,200/-, divided into 1,68,68,520 Equity Shares of Rs.10/- each.
Key Highlights
- VIVO BIO TECH LTD. allotted 7,40,000 equity shares
- Shares were allotted at a premium of Rs. 35/- on preferential basis
- Allotment made to Kompella Viswanath and Kompella Modini, both promoters
- 75% of the issue price received
- Issued and subscribed share capital of the company increased to Rs. 16,86,85,200/-