TALWALKARS : BOARD APPROVES RS 9.5 CR PREFERENTIAL ALLOTMENT, CAPITAL REDUCTION

• Board approved cancellation of 1,01,98,415 promoter/promoter group shares and 2,08,06,441 public shares as per NCLT and NCLAT orders • To issue 5,00,000 new shares to eligible existing public shareholders in 1:41 ratio; fractional shares to strategic investors • Approves preferential allotment of 95,00,000 equity shares of ₹10 each to Shilpa Singh, nominee of the Successful Bidder • Post-reduction paid-up capital to be 1,00,00,000 equity shares; promoter group at 95% and public at 5%

Talwalkars Better Value Fitness Ltd

Open attachment

← Back to feed