Cineline India Allots 38.46 Lakh Shares on Warrant Conversion

Cineline India Ltd has allotted 3,846,153 equity shares of face value ₹5 each upon conversion of warrants. This follows the receipt of the warrant exercise price of ₹87.75 per warrant, totaling ₹33,74,99,925.75. The issuance is in furtherance to previous intimations regarding the allotment of warrants convertible into equity shares. The company's issued and paid-up share capital has increased to ₹19,05,62,935, comprising 3,81,12,587 equity shares. The new shares will rank pari-passu with existing shares. The total issue price per warrant was ₹117, comprising a ₹29.25 subscription price and an ₹87.75 exercise price.