Brief: Bedmutha Industries allots 2 mln shares to Bedmutha Sons Reality Ventures

Bedmutha Industries

11/07/2016 12:36

July 11 (Reuters) - Bedmutha Industries Ltd  BMIL.NS : 
 * Allotted 2 million equity shares at inr 15.50 per equity share to Bedmutha 
   sons reality ventures private limited 
 
 * Source text: 
Bedmutha Industries Ltd has informed BSE that the "Preferential Allotment Committee at its meeting held on July 11, 2016, has allotted 20,00,000 (Twenty Lakh) Equity Shares at a price of Rs.15.50 per equity share to its proposed allottee i.e. Bedmutha Sons Reality Ventures Private Limited (Part of promoter group) on the receipt of Rs. 2,32,50,000/- (Rupees Two Crore Thirty Two Lakh Fifty Thousand only) which is equal to 75% of the consideration to be paid at the time of exercise of such entitlement out of the total preferential allotment money of Rs. 3,10,00,000 (Rupees Three Crore Ten Lakh Only). 
 
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