Kerala Ayurveda allots 6,55,000 shares to promoter group at Rs 190.37
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Kerala Ayurveda allotted 6,55,000 equity shares at Rs 190.37 each to Katra Holding Pvt Ltd, a promoter group entity, on a preferential basis. The consideration is by partly adjusting an existing unsecured loan of Rs 12.47 crore. Paid-up capital rose from Rs 12.99 crore to Rs 13.65 crore. Katra Holding stake increases from 4.85 percent to 9.41 percent. Shares will be listed on BSE.
Promoter group raises stake from 4.85% to 9.41% by converting an unsecured loan into equity. Non-promoter shareholders face slight dilution.