Raconteur Global Resources Allots 47.5 Lakh Shares on Warrant Conversion

Raconteur Global Resources Ltd announced the allotment of 47,49,999 equity shares upon conversion of share warrants. The conversion was done on a preferential basis at an issue price of Rs. 14 per share, including a premium of Rs. 4. This issuance was to the 'Non-Promoters/Public Category' after receiving the balance amount of Rs. 4,98,74,989.50. The company's issued and paid-up capital has consequently increased to Rs. 18,02,78,420, comprising 1,80,27,842 equity shares of Rs. 10 each. All allotted shares will rank pari-passu with existing equity shares. The company confirmed no warrants are pending for conversion.