Xpro India LimitedXPROINDIANSE
This is further to our letter dated January 29, 2024 w.r.t. allotment of 14,35,750 warrants, each carrying a…
As filed · General Updates
CapitalWatchNotablemateriality 74 out of 100
What happened
FactThis is further to our letter dated January 29, 2024 w.r.t. allotment of 14,35,750 warrants, each carrying a right to. lacs at the rate of Rs. 633.75 per warrant (being the balance 65% of the issue price) from warrant holder Smt. Vanaja. Accordingly, as per the terms of issue of Warrants, the Board of Directors of the Company, has today i.e.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
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Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
Evidence
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%