Stocks

Wockhardt gets funds from promoter

| Updated on January 20, 2018 Published on February 24, 2016

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Wockhardt’s promoter has bought 4.323 crore non-convertible preference shares and 1.853 crore optionally convertible preference shares for ₹36 crore. The conversion price and ratio of the optionally convertible preference shares will be worked out later as it is not possible to determine the number of shares to be allotted post-conversion, Wockhardt said in a notice to the exchanges. Promoter holding in the firm stood 74.28 per cent.

Published on February 24, 2016
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