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As on : 14-Oct-2026
Hot Pursuit
14-Oct-2026     15:28

Company issues 8,11,000 convertible warrants for Rs 11.68 crore to raise capital

A company is issuing 1,213,000 new shares and 811,000 convertible warrants as part of a corporate action involving several investors, including promoters and public shareholders. The equity swap, valued at INR 144 per share based on an independent valuation report, will see individuals including Shreyans Ravindra Katariya, Ketaki Siddharth Katariya, and Yashwantbhai Shantilal Tanna exchange a total of 65,29,240 existing shares for the newly issued equity. The warrants, also priced at INR 144 each, will raise INR 11,67,84,000 and are exercisable within 18 months, potentially adding another 811,000 shares to the company’s outstanding equity. The transaction appears designed to maintain promoter control and will dilute the ownership of existing shareholders who did not participate.

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