Aditya Birla Nuvo stated on Wednesday that shareowners have sanctioned to generate 1.85crore warrants to promoter and its group.
Company’s shareowners have sanctioned to generate 1.85crore warrants of Rs.10 each face value to promoter and its group.
Additionally, the owners of each warrant would be permitted to pertain for and attain 1 equity share at a rate of Rs.541.19 opposed to each warrant at any time after the allotment date.
Nevertheless, it should be on or ahead of the end of eighteen months from the allotment date in more than one tranches.
Aditya Birla Nuvo’s shares on Wednesday remained at Rs.898.75, which is low with 5.33% on the Sensex.