PAKKA LIMITEDPAKKANSE
Pakka allots 38,80,000 shares to promoter-group entity on warrant conversion
As filed · PAKKA LIMITED has informed the Exchange about Outcome of Fund Raising Committee meeting and allotment of equity shares upon conversion of warrants
CapitalMixedNotablemateriality 64 out of 100
What happened
FactPakka Limited allotted 38,80,000 fully paid-up equity shares to Yash Agro Products Limited, a promoter-group entity, upon conversion of an equivalent number of warrants. The shares were issued at ₹110 each after the company received the balance 75% consideration of ₹32,01,00,000.
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:
- The allotment completes this tranche of the preferential warrant conversion and brings in the stated balance consideration. It also increases the company's equity shares held by a promoter-group entity, subject to listing approvals and applicable lock-in requirements.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%