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The company has allotted 14,90,439 equity shares at a face value of Rs. 10 each and a premium of Rs. 1970 per share, following the conversion of 2,100 Compulsorily Convertible Debentures (CCDs) held by Deepak Fertilisers and Petrochemicals Corporation Limited. These shares were credited to the company's Demat account on the 12th of March. This move reflects the company's ongoing strategy to enhance its equity base, potentially strengthening its capital structure and providing a more solid foundation for future growth. Investors should monitor this development closely for its implications on share valuation and financial health.
All announcements from Deepak Fertilizers and Petrochemicals Corporation Limited