Corporate Action5 Nov 2026, 06:34 pm
Dev Labtech Ventures Approves Preferential Issue of Warrants
AI Summary
Dev Labtech Venture Ltd announced that its shareholders have approved a preferential issue of up to 1,37,00,000 convertible warrants. These warrants will be issued at Rs. 13 each and are convertible into equity shares at a premium of Rs. 8 per share. The total issue size is Rs. 17.81 Crore. The issuance is to Promoter/Promoter Group and Non-Promoters. The warrants have a tenor of 18 months and can be converted in tranches. Post allotment, the promoter and non-promoter shareholding will be 61.64% and 38.36% respectively.
Key Highlights
- Shareholders approved preferential issue of 1.37 Cr warrants.
- Issue price is Rs. 13 per warrant, convertible to equity.
- Total fundraising target is Rs. 17.81 Crore.
- Warrants have an 18-month conversion period.
- Promoter/Non-promoter shareholding to be 61.64%/38.36%.
Price Impact
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