Almondz Global Securities converts ₹25 Cr loan to equity

Almondz Global Securities Limited announced the allotment of equity shares on a preferential basis, converting an existing unsecured loan into equity. The company's Committee For Further Issue of Share approved the allotment of 16,318,538 equity shares to promoter Avonmore Capital & Management Services Limited. The conversion is valued at ₹25 crore, with each share having a face value of ₹1 and an issue price of ₹15.32 (including a premium of ₹14.32). These shares will be subject to a lock-in period as per SEBI regulations and will rank pari passu with existing equity shares.