Vikram Kamats Hospitality Ltd Allots Equity Shares Upon Conversion of Warrants
Vikram Kamats Hospitality Ltd, formerly known as Vidli Restaurants Limited, announced the allotment of equity shares following the conversion of warrants. The Allotment Committee of the Board of Directors approved and allotted 1,44,000 Equity Shares to Dr. Vikram V. Kamat. These shares have a face value of ₹ 10/- each and are fully paid up.The allotment occurred pursuant to the conversion of 1,44,000 Warrants and upon the receipt of the balance 70% of the subscription money. The equity shares allotted through the conversion of warrants will rank pari passu with the company's existing equity shares.Shareholding Impact
The allotment of shares resulted in...