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Granules allots 1,86,56,000 warrants to Tyche Technologies

By Religare
|

Hyderabad based leading Pharmaceutical firm Granules India Limited has informed in a filing to BSE that the company has allotted 1,86,56,000 warrants to M/s. Tyche Technologies, a Promoter group for the company. These warrants have been allotted at a price of Rs. 95.30/- on preferential basis.

On the above development, earlier a special resolution had been passed by shareholders at extra ordinary general meeting held on 24 August, 2015 to not allot exceeding 1,86,56,000 warrants on preferential basis to promoter/promoter group. In this regard, the company has worked out a price of Rs. 95.30.

 

After the allotment of warrants, there has been no change in the paid up share capital of the company.

Meanwhile, shares of the company were trading at Rs 110.55 a piece, down 5.19 per cent from the previous close on BSE.

Story first published: Monday, September 7, 2015, 23:00 [IST]
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