Sigachi Industries approves allotment of shares - Check details

Pharmaceuticals company Sigachi Industries on Friday said that its board has approved the allotment 52,52,190 equity shares up on the conversion of warrants into equity shares.

"Allotment of 52,52,190 equity shares of Re. 1/- each to non-promoters at an issue price of Rs. 26.1/- per share upon conversion of 52,52,190 (pre split – 5,25,219) warrants into Equity Shares. 

Earlier, the company announced a corporate action for its shareholders wherein it will split the face value of equity shares. 

The company in an exchange filing dated September 9 informed that the board has approved the sub-division and also set the record date for the purpose.