Baid Finserv Allots 72.04 Lakh Shares on Warrant Conversion

Baid Finserv Ltd has announced the allotment of 72,04,099 equity shares following the exercise and conversion of convertible warrants. These warrants were converted into equity shares of face value ₹2 each, at a premium of ₹13.10 per share. The conversion involved receipt of the balance 75% of the issue price, amounting to ₹8,15,86,421. This allotment has increased the company's issued and paid-up capital. The promoter/promoter group's shareholding has also seen an increase post-allotment.