RIR Power Electronics LimitedBSE: RIR

Rir Power Electronics Limited Press Release Nov 22 2024

· Issued by RIR Power Electronics Limited via BSE India

Filed with BSE ·

The Board of Directors at their meeting held today i.e. Friday, 22nd November, 2024 have allotted 3,16,485 Equity Shares of Rs.10/- each at a price of Rs.855/- per share (including Premium of Rs.845/- per share) pursuant to conversion of 3,16,485 warrants i.e. One Warrant issued by the Company to be convertible into One Equity Share of the face value of Rs.10/- each to M/s. Multitude Growth Funds Limited (Formerly known as AG DYNAMIC FUNDS LIMITED) upon receipt of full subscription amount i.e. Rs.27,05,94,675/- as prescribed under Regulation 169 of SEBI ICDR Regulation, 2018.

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