Investment5 Mar 2026, 09:22 pm
Checkpoint Trends Ltd Approves Allotment of 1,66,74,072 Convertible Warrants at Rs. 45.01 Each
AI Summary
Checkpoint Trends Ltd, in its meeting held on March 05, 2026, has approved the allotment of 1,66,74,072 Convertible Warrants. Each Warrant carries a right to subscribe to one Equity Share of face value of Rs. 10/- each of the Company. The Warrants are being issued at a price of Rs. 45.01/- per Warrant, aggregating to Rs. 75,04,99,981. The allotment of Equity Shares pursuant to exercise of the options attached to the Warrants will be done on receipt of the balance 75% of the Warrant Issue Price. The amount paid against Warrants shall be adjusted/set-off against the issue price for the resultant Equity Shares.
Key Highlights
- Checkpoint Trends Ltd approved the allotment of 1,66,74,072 Convertible Warrants.
- Each Warrant carries a right to subscribe to one Equity Share of face value of Rs. 10/- each of the Company.
- The Warrants are being issued at a price of Rs. 45.01/- per Warrant, aggregating to Rs. 75,04,99,981.
- The allotment of Equity Shares pursuant to exercise of the options attached to the Warrants will be done on receipt of the balance 75% of the Warrant Issue Price.
- The amount paid against Warrants shall be adjusted/set-off against the issue price for the resultant Equity Shares.