Baazar Style Retail Allots 10 Lakh Equity Shares on Warrant Conversion

Baazar Style Retail Limited has announced the allotment of 10,00,000 equity shares following the conversion of equity warrants into shares. This conversion, executed by a non-promoter entity, Cupid Limited, was done on a preferential basis at an issue price of ₹328.25 per share, including a premium of ₹323.25. The total consideration received for this allotment amounts to ₹32,82,50,000. The newly allotted shares will rank pari-passu with existing equity shares in all respects, including dividend and voting rights. This move is part of the company's preferential issue strategy and aligns with SEBI regulations.