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Sequent Scientific announced that the Board of Directors of the Company at its meeting held on 10 June 2015 has allotted 800,000 equity shares at Rs. 222.15 per share and 200,000 equity shares at Rs. 236 per share to M/s. Chayadeep Ventures LLP, a Promoter Group Entity and 1,100,000 equity shares at Rs. 475 per share to Shivanand Shankar Mankekar HUF jointly with Kedar Shivanand Mankekar, a Non-Promoter pursuant to conversion of equivalent number of warrants.
Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs. 391,618,260/- consisting of 39,161,826 equity shares of Rs. 10/- each to Rs. 412,618,260/- consisting of 41,261,826 equity shares of Rs. 10/- each.
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