7Seas Entertainment Ltd Approves Allotment of Convertible Warrants and Equity Shares

7Seas Entertainment Ltd has approved the allotment of 13,75,000 Convertible Warrants and 7,90,000 Equity Shares. The Convertible Warrants are priced at ¥80/- (Rupees Eighty Only) per warrant, amounting to ₹11,00,00,000/- (Rupees Eleven Crores Only). The Equity Shares are priced at ₹80/- per share, amounting to ₹63,20,00,000/- (Rupees Sixty-Three Crores Twenty Lakhs Only). The company has received 25% of the Warrant Issue Price as the upfront subscription amount. The Equity Shares will rank pari-passu with the existing shares, including entitlement to dividend and voting rights.