Fruition Venture Allots 6 Lakh Shares on Warrant Conversion

Fruition Venture Ltd has announced the allotment of 6,00,000 equity shares following the conversion of 6,00,000 convertible warrants. These shares were issued on a preferential basis at a premium of Rs. 10 per share, with a face value of Rs. 10 each. The allotment includes shares to promoter and promoter group, as well as non-promoters. The total equity share capital of the company has increased to 46,00,000 shares post-allotment. The newly issued shares rank pari-passu with existing shares and will be subject to lock-in provisions as per SEBI regulations. The company is proceeding with the listing of these shares on BSE.