Kamdhenu Ventures Subscribes to Shares of Subsidiary Kamdhenu Colour and Coatings
Kamdhenu Ventures Limited announced details regarding its investment in its wholly owned subsidiary, Kamdhenu Colour and Coatings Limited (KCCL). The company confirmed the allotment of shares following an investment approval by the investment committee of the Board of Directors.The transaction involves the subscription of 3,614 equity shares from KCCL. Kamdhenu Ventures Limited paid a total amount of Rs. 13,01,04,000 (Rupees Thirteen Crore One Lakh Four Thousand Only) for this investment.
The allotment structure for the 3,614 equity shares details the issue price, face value, and premium payable to the company, which were set at a right basis.
The financial details of the allotment are as follows:
| Detail | Value |
|---|---|
| Shares Allotted | 3,614 |
| Issue Price per Share | Rs. 36,000 (Rupees Thirty-Six Thousand Only) |
| Face Value per Share | Rs. 10 (Rupees Ten Only) |
| Premium per Share | Rs. 35,990 (Rupees Thirty-Five Thousand Nine Hundred Ninety Only) |
This allotment of equity shares was made to the company from KCCL.
KAMOPAINTS Stock Price Movement
On Friday, Kamdhenu Ventures Limited shares edged higher to close at ₹5.6, rallying 2.56% for the session. The stock found support on Friday, concluding trading with a substantial volume of 1.02 million shares recorded.Source:
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