Bihar Tubes - Allotment of Equity Shares pursuant to conversion of warrants
Bihar Tubes Ltd has informed BSE that the Company has allotted 7,87,000 equity shares of Rs 10/- each to the Strategic Investors pursuant to conversion of 3,93,500 warrants issued earlier on preferential basis.
3,93,500 equity shares allotted on conversion of equal number of warrants and 3,93,500 equity shares allotted as bonus shares which were earlier kept reserved for the warrant holders at the time of bonus issue in the ratio of 1:1 till the conversion of the warrants into equity shares.
Tags: Bihar Tubes