Marine Electricals (India) LimitedMARINENSE
Allotment of Securities
CapitalWatchMajormateriality 76 out of 100
What happened
FactAllotment of Securities. (Eighteen) months from the date of allotment of the Warrants against the receipt of initial subscription amount. Of the issue price and has opted to exercise and convert the warrants allotted into Equity Shares of the Company.
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%