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Simplex Castings allotted 5,94,901 equity shares and 1,63,809 convertible warrants on a preferential basis to non-promoters. The total issue value is about Rs 7.97 Crore.
Simplex Castings obtained BSE in-principle approval for a preferential issue of shares and warrants. Priced at not less than ₹105, the issue is worth about ₹99.71 crore.
Simplex Castings Ltd shareholders approved the preferential issue of 44.90 lakh equity shares and 50.05 lakh convertible warrants. The EGM also cleared an increase in authorized share capital.