This meeting was on the issuance of preferential and warrants. They have issued 67,50,000 (Sixty-Seven Lakhs Fifty Thousand) Equity Shares on a preferential basis and 54,50,000 (Fifty-Four Lakhs Fifty Thousand) fully convertible warrants (“Warrants/ Convertible Warrants”). what I understood from the name in the allotment table, no one from promoters group. Before 10th Jan 23, the share price was around Rs. 29-35 range for a long time and the allotment is also done at Rs. 32.4. It looks good to me though the sudden price surge created a price mismatch. Details will be found here [
GENCON.pdf (324.0 KB)]
(Disc. Invested)
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