Kiri Industries Allots 51.45 Lakh Equity Shares to Promoters, Raises ₹93.13 Cr

Kiri Industries Ltd has approved the allotment of 51,45,446 equity shares to its promoters and promoter group members. These shares were issued upon the conversion of an equal number of warrants at an issue price of ₹369 per share, including a premium of ₹359. The company received the balance consideration of ₹181 per warrant, totaling ₹93,13,25,726. This preferential allotment increases the company's issued, subscribed, and paid-up equity share capital to ₹65,16,80,000, divided into 6,51,68,000 fully paid-up equity shares. Consequently, the promoter/promoter group shareholding has increased from 36.72% to 41.71%. All previously allotted warrants have now been converted.