Ashika Credit Capital Allots 2 Lakh Shares on Warrant Conversion

Ashika Credit Capital Ltd announced the allotment of 2,00,000 equity shares upon conversion of an equal number of equity convertible warrants. This conversion, at an issue price of ₹609 per share, generated ₹9,13,50,000 for the company. The allotment was made to non-promoter category investors. The company also reported the forfeiture of 16,00,000 equity convertible warrants due to non-exercise and non-receipt of the balance subscription amount. Consequently, the company's paid-up equity share capital has increased to ₹73,92,55,670, comprising 7,39,25,567 equity shares of ₹10 each. The new shares will rank pari-passu with existing shares.