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Alok Industries Ltd.

BSE: 521070 Sector: Industrials
NSE: ALOKINDS ISIN Code: INE270A01029
BSE 00:00 | 24 Apr 2020 Alok Industries Ltd
NSE 05:30 | 01 Jan 1970 Alok Industries Ltd

Announcement under Regulation 30 (LODR)-Allotment

February 28, 2020, 4:58 pm | Source: BSE

We refer to the In-principle approval under Reg 28(1) of the SEBI (LODR) 2015 granted by BSE on 25th February 2020 (for Equity Shares) and 27th Feb 2020 (for OCPS) and NSE on 27th Feb 2020 (for both Equity Shares and OCPS) for the issue of (1)833333333 equity shares of the face value of Rs.1/- each for cash at a premium of Rs.2/- per share; and (2)9% - 2500000000 Optionally Convertible Preference Shares of the face value of Rs.1/- to Reliance Industries Limited on a preferential basis. The Monitoring Committee of the Company pursuant to the Resolution Plan dtd 12 April 2018 approved by the National Company Law Tribunal Ahmedabad Bench vide its orders dtd. 8 March 2019 and 26th July 2019 has on 28th Feb 2020 issued and allotted (1)833333333 equity shares of the face value of Rs.1/- each for cash at a premium of Rs.2/- per share; and (2)9% -2500000000 OCPS of the face value of Rs.1/- for cash to Reliance Industries Limited on a preferential basis.