Corporate Action18 May 2026, 08:11 pm
Baazar Style Retail Allots 15 Lakh Shares on Warrant Conversion
AI Summary
Baazar Style Retail Ltd has allotted 15,00,000 equity shares upon conversion of warrants on a preferential basis. The shares have a face value of ₹5 each and were issued at ₹328.25 (including a premium of ₹323.25). This allotment follows the board meeting held on May 18, 2026, where audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved. The board also discussed a stock split but deferred the decision for further evaluation.
Key Highlights
- 15,00,000 equity shares allotted upon conversion of warrants.
- Issue price is ₹328.25 per share, including a premium of ₹323.25.
- Allotted shares rank pari-passu with existing equity shares.
- Audited financial results for FY26 approved by the board.
- Stock split proposal deferred for further evaluation.
Price Impact
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