Allotment of Convertible Warrants
CapitalWatchMajormateriality 76 out of 100
What happened
FactAllotment of Convertible Warrants. Allotment of 52,00,000 (Fifty-Two Lacs) Convertible Warrants on a preferential basis, at an issue price of. 328/- (Rupees Twenty Eight Only) per Warrant, Convertible Warrants on Preferential Basis, in accordance.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
Watch next
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; +2 corroborating keywords; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%