SG Finserve Ltd Allots 6,27,778 Equity Shares Upon Conversion of Warrants

SG Finserve Limited has allotted 6,27,778 equity shares of face value of ₹10/- each pursuant to conversion of 6,27,778 warrants. The allotment was made to two categories of allottees: Promoter and Non-Promoter. The promoter, Shri Rohan Gupta, was allotted 3,27,778 equity shares, while Marigold Partners, the non-promoter, was allotted 3,00,000 equity shares. The allotment was made upon receipt of ₹337.5/- per warrant, which is 75% of the issue price of ₹450/- per warrant. The total amount received was ₹21,18,75,075/-. The issued and paid-up capital of the Company stands increased to ₹65,89,50,000/- comprising 6,58,95,000 equity shares of ₹10/- each. The new equity shares so allotted shall rank pari passu with the existing equity shares of the Company.