What happened
FactVardhman Polytex allotted 37,50,000 fully paid-up equity shares to Oswal Holding Private Limited, a promoter-group entity, following conversion of an equal number of preferential warrants. The company received Rs. 3,52,96,875, representing 75% of the warrant issue price, and said its paid-up equity share capital increased to Rs.50,84,19,004.
37,50,000Equity shares allotted
Shares issued on conversion of warrants
Rs.12.55 per equity shareAllotment price
Issue price, including premium of Rs.11.55 per share
Rs. 3,52,96,875/-Amount received
75% of the issue price received on warrant conversion
Rs.50,84,19,004/-Post-allotment paid-up capital
Paid-up equity share capital after allotment
50,84,19,004Post-allotment equity shares
Fully paid-up equity shares of Re.1 each
NILWarrants pending for conversion
Warrants held by the allottee after this conversion