Jet Freight Logistics LimitedJETFREIGHTNSE
Jet Freight Logistics converts 45,19,663 warrants into equity shares for ₹6,10,15,450.50
As filed · Jet Freight Logistics Limited has informed the Exchange regarding allotment of 4519663 securities pursuant to conversion of convertible warrants by the way of circular resolution passed on September 2
CapitalMixedNotablemateriality 65 out of 100
What happened
FactJet Freight Logistics approved the allotment of 45,19,663 equity shares at an issue price of ₹18/- each upon conversion of warrants held by promoter-group and non-promoter allottees. The company received ₹6,10,15,450.50 towards the conversion, after adjusting ₹49.50 for fractional entitlement.
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:
- The allotment increases the company's paid-up equity capital and share count, with the new shares ranking pari-passu with existing shares. A further 1,99,11,337 warrants remain pending for conversion, while listing of the allotted shares is subject to receipt of listing approval.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%