Premier allots 43,26,000 convertible warrants to Modena

Mumbai, Mar 13 (UNI) Premier Ltd has informed the BSE that the Board of Directors of the Company at its meeting held today has allotted 43,26,000 convertible warrants at a price of Rs 39.43 per warrant to Ms Modena Investment and Trading Co Pvt Ltd, one of the promoters of the Company, on a preferential basis in accordance with Securities and Exchange Board of India (SEBI) guidelines.

The Company has also added that the said warrants are convertible into an equivalent number of equity shares of Rs 10 each, at a premium of Rs 29.43 per share within 18 months from the date of allotment.

UNI