6,07,50,000 convertible warrants at an issue price of Rs.13.20 having face value Rs. 2/- and at a premium
As filed · General Updates
CapitalWatchNotablemateriality 74 out of 100
What happened
Fact6,07,50,000 convertible warrants at an issue price of Rs.13.20 having face value Rs. 2/- and at a premium. Convertible Warrants into Equity Shares along with receipt of the remaining exercise price of Rs.9.90. Per Warrant being 75% of the issue price (Rs.13.20) per warrants Consequently the Board of Directors.
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%