Taylormade Renewables Ltd Allots 1 Million Convertible Warrants at Rs 123.51 Per Warrant
Taylormade Renewables Ltd has approved the allotment of 10,00,000 Convertible Warrants on a preferential basis. The issue was made to allottees in the Non-Promoter category.The company allotted these warrants at a price of Rs 123.51 each, which includes a face value of Rs 10 and a premium of Rs 113.51 per warrant.
The transaction details concerning the issuance and payment received from the allottees are as follows:
| Sr. No | Name of Allottee (Warrant Holder) | Number of Convertible Warrants | Category | Upfront Amount Paid (In Rs.) |
|---|---|---|---|---|
| 1. | SUKHDEV SANTRAMDAS PUNJABI | 5,00,000 | Non- Promoter | 1,54,38,750 |
| 2. | SANGITABEN SUKHDEV PUNJABI | 5,00,000 | Non- Promoter | 1,54,38,750 |
| Total | 10,00,000 |
The company confirmed that it has received 25% of the Warrant Issue Price from both named non-promoter allottees.
Stock Price Movement
Taylormade Renewables Ltd. settled at ₹90.22 on Thursday, edging up by 0.19%.The shares moved through a range during the day, bottoming at ₹89.04 and peaking at ₹92.99.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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