Conversion of Warrants into Equity

| Updated on April 25, 2016 Published on April 25, 2016

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 on preferential basis, the Allotment Committee of the Board of Directors of the Company at the meeting held on April 11, 2016, has upon receipt of balance of 75% consideration aggregating to Rs. 19,50,000/- (Rupees Nineteen Lacs Fifty Thousand 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.

Pdf Link: >Conversion of Warrants into Equity

Source : BSE - >www.bseindia.com

Published on April 25, 2016
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