The Board of Directors of Variman Global Enterprises Limited, which met on Thursday, January 5th, 2023 at 4:45pm at the company’s registered office, approved the allocation of 1,150,000 equity shares at a price of ₹ 3.30 per share, including a premium of ₹ 2.30 per share, as a result of the conversion of 1,150,000 convertible warrants at a price of ₹ 1.00 per share.
Variman Global Enterprises Ltd., founded in 1993, is a small-cap company (with a market capitalization of ₹ 406.64 crore) operating in the construction sector.
Before the stock split – 11,50,000 convertible warrants at a price of ₹ 10.00 per warrant and an issue price of ₹ 33.00 per share, including a premium of ₹ 23.00 per share.
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