CWD Limited Approves Equity Allotment and 4:1 Bonus Issue
1 report, 1 independent
Updated Sun 00:00
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What happened
CWD Limited's Board of Directors approved the allotment of 578,720 equity shares. This included 1,15,654 shares resulting from the conversion of warrants to nine non-promoter public investors. Additionally, the company issued 4,62,616 shares through a 4:1 bonus issue.
From equitybulls.com
Why it matters
The corporate action involved the conversion of warrants, which brought in Rs. 7,86,73,633.50 for CWD Limited. The total allotment expanded the paid-up capital of CWD Limited.
From equitybulls.com
Who's involved
- board of directorsBoard of Directors approved the allotment of equity shares and the bonus issue.
- Jigar ShahDirect financial gain via successful conversion of warrants into equity shares.
Keep exploring
The entities involved
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board of directors
group of people who jointly supervise the activities of an organization
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Jigar Shah
American businessman
Nothing else this week.
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