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Kiri Industries Limited ( (IN:KIRIINDUS) ) just unveiled an announcement.
Kiri Industries Limited has announced the allotment of 4,393,592 equity shares to promoters and members of the promoter group following the conversion of warrants on a preferential basis. This move, approved by the Board of Directors, involves a total consideration of Rs. 79,52,40,152 and increases the company’s issued, subscribed, and paid-up equity share capital to Rs. 60,02,25,540. The new shares will rank pari-passu with existing shares, indicating a strategic step to strengthen the company’s equity base.
More about Kiri Industries Limited
Average Trading Volume: 33,961
Technical Sentiment Signal: Buy
Current Market Cap: 30.98B INR
For a thorough assessment of KIRIINDUS stock, go to TipRanks’ Stock Analysis page.