Diana Tea Co: Promoter Group Acquires 40.74 Lakh Warrants

Diana Tea Company Limited has disclosed the acquisition of 40,74,075 Equity Convertible Warrants by its Promoter and Promoter Group, including Sandeep Singhania, Sarita Singhania, Devang Singhania, Vani Singhania, and Diana Capital Limited. These warrants were issued via preferential allotment at a price of ₹27/- each (including a premium of ₹22/-). Each warrant entitles the holder to subscribe to one equity share of face value ₹5/- upon conversion. The acquisition, made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, is expected to increase the promoter group's potential stake in the company. The total diluted share capital post-acquisition is estimated at ₹9.93 Crore.