Niraj Cement allots convertible warrants on preferential basis
Niraj Cement allots convertible warrants on preferential basis
Niraj Cement Structurals Ltd has informed the BSE that the management committee of its Board of Directors at its meeting held on January 25, 2017 has issued and allotted 1,50,00,000 convertible warrants at a price of Rs 16 per warrant to the allottees, entitling them for the subscription of equivalent number of equity shares of Rs 10 each (including premium of Rs 6 per share) as per the provisions of Chapter VII of the SEBI ICDR Regulations. The company's announcement is in reference to the earlier announcement dated January 10, 2017, regarding the passing of a special resolution by the shareholders of the company at its Extra-ordinary General Meeting held on January 10, 2017.

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