The Board of MosChip Technologies on 18 October 2022 has approved the allotment of 31,12,203 equity shares of face value of Rs.2/- at a price of Rs. 61.05 per equity share aggregating to Rs.18,99,99,993 Mayuka Holdings, Promoter of the Company on a preferential basis upon conversion of partial outstanding unsecured loan.
Consequent to the above allotment the total number of equity shares of the Company has increased from 160,847,590 to 163,959,792 shares.
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