Corporate Action2 Jun 2026, 05:02 pm
Caprihans India Redeems Pref Shares, Allots Equity on Warrant Conversion
AI Summary
Caprihans India Limited has completed the redemption of 39,75,000 preference shares, reducing its preference share capital. Concurrently, the company has allotted 2,65,000 equity shares upon the conversion of warrants exercised by its promoter, Bilcare Limited. This conversion, at an issue price of ₹200 per warrant, has increased the company's paid-up equity share capital. The total value of the warrants converted is ₹5.30 Crores.
Key Highlights
- Redemption of 39,75,000 preference shares completed.
- 2,65,000 equity shares allotted upon warrant conversion.
- Promoter Bilcare Limited exercised warrant conversion rights.
- Paid-up equity share capital increased post-allotment.
- Total value of converted warrants amounts to ₹5.30 Crores.
Price Impact
More from CAPRIHANS