Kizi Apparels Ltd Receives Funds from Allottees for 19th Tranche of Convertible Warrants
Kizi Apparels Ltd has received the consideration amount toward the 19th tranche of Convertible Warrants. The Board of Directors approved this receipt, formalizing the transaction related to the allotment of these warrants.The warrants were issued on a preferential basis to persons and entities belonging to the Promoter/Promoter Group and public Category. Each warrant was issued for cash consideration at a price of Rs. 15.50, which includes a face value of Rs. 10 and a premium of Rs. 5.50 per warrant.
The company has received a total amount of Rs. 17,85,600 toward the 19th tranche of Convertible Warrants. The funds were received from various allottees, including Abhishek Nathani, Kiran Nathani, Raj Kumar Nathani, Suchitra Nathani, Surinder Goel, Surinder Goel HUF, Umang Kamlesh Vora, Paresh J Patel, M/S Parshva Alloys Private Limited, and M/S Evolvion Advisory Private Limited.
Stock Price Movement
Kizi Apparels Ltd settled at ₹13.99 on Wednesday, ticking up 1.38% after closing the session. The shares were completely locked into their intraday range, registering a high and low of ₹13.99.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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