Corporate Action9 Oct 2026, 04:51 pm
CP Capital Ltd: Promoter Group to Acquire 16.45 Lakh Warrants
AI Summary
CP Capital Ltd's Board of Directors has approved the issuance of up to 16,45,000 fully convertible warrants to its Promoter and Promoter Group. Each warrant is convertible into one equity share of face value Rs. 10. The issue price is Rs. 152 per warrant, aggregating up to Rs. 25,00,40,000 (₹250.04 Crore). This issuance is subject to shareholder approval at an upcoming EGM. The company also amended its Articles of Association to allow for the issuance of warrants and other convertible securities.
Key Highlights
- Board approved issuance of 16.45 Lakh warrants to Promoter/Promoter Group.
- Total issue size is ₹250.04 Crore.
- Warrants are convertible into equity shares at Rs. 152 each.
- Shareholder approval required via EGM.
- Articles of Association amended to permit warrant issuance.
Price Impact
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