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Conversion of Warrants in to Equity

| Updated on December 09, 2015 Published on December 09, 2015

Avon Lifesciences Ltd has informed BSE that as per the terms of 1,05,00,000 (One Crore Five Lacs) Warrants, issued by the Company on August 12, 2015 ott preferential basis, the Allotment Committee of the Board of Directors of the Company at the meeting held on December 8, 2015, has upon receipt of balance of 75% consideration aggregating to Rs. 39,00,000/- (Rupees Thirty Nine Lacs only) has approved allotment of 1,00,000 (One Lac) Equity Shares upon conversion of equivalent number of warrants at an issue price of Rs. 26 per share to the allottee.

Pdf Link: >Conversion of Warrants in to Equity

Source : BSE - >www.bseindia.com

Published on December 09, 2015
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