Vakrangee Ltd Share Price – NSE  /  BSE

Miscellaneous, Small Cap

Vakrangee has allotted 2,50,000 equity shares on conversion of warrants. Accordingly, the paid up equity share capital has increased to Rs. 107,65,74,857/- consisting of 107,65,74,857 equity shares of Re. 1/- each.

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Vakrangee has allotted 23,50,000 equity shares to VandV Trading on conversion of warrants. Consequently, the Issued and Paid-up equity share capital of the Company stands increased to Rs. 107,33,64,857/- consisting of 107,33,64,857 equity shares of Re. 1/- each.

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Vakrangee has entered into a Share Purchase Agreement today i.e. 04 June  2024 for acquisition of 48.5% equity share capital of Vortex Engineering from the AAVISHKAAR INDIA MICRO VENTURE CAPITAL FUND, AAVISHKAAR INDIA II COMPANY and AAVISHKAAR VENTURE MANAGEMENT SERVICES PRIVATE LIMITED Collectively, referred to as “Aavishkaar India Investors” (“Seller”).

Earlier the Company had signed Binding term sheet with Aavishkaar India Investors in relation to acquisition of 48.5% stake in Vortex Engineering Private Limited. Consequent to the acquisition, Vakrangee shareholding in Vortex Engineering has increased from 27.3% to 75.8%.

Pursuant to the said acquisition, Vortex Engineering shall become a Material Subsidiary Company of Vakrangee.

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Vakrangee has allotted 1.10 crore equity share on conversion of warrants. Consequently, the paid up equity share capital of the company stands increased to Rs. 107,10,14,857/- consisting of 107,10,14,857 equity shares of Re. 1/- each.

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