Preferential allotment of 338030 convertible warrants to members of the Promoter / Promoter Group

Rane Holdings Limited has allotted 3,38,030 convertible warrants to members of the Promoter/Promoter Group, each with a face value of Rs.10. The warrants were issued for a subscription price of Rs.295.83 per warrant and are convertible into an equivalent number of equity shares within 18 months from the date of allotment. The allotment was approved by the Issue and Allotment Committee of the Board of Directors.

Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.

• Who the allottees are
• Issue price versus market price
• Lock-in period on the new shares