Baid Finserv Allots 72.04 Lakh Equity Shares on Warrant Conversion

Baid Finserv Ltd announced the allotment of 72,04,099 equity shares following the conversion of convertible warrants. The shares were issued at a premium of Rs. 13.10 per share, with a face value of Rs. 2 each. This allotment increases the company's issued, subscribed, and paid-up capital. The promoter group's shareholding has increased from 47.39% to 49.73% post-allotment. All warrants held by the specified allottees are now fully converted, with no outstanding warrants remaining for them.