Corporate Action19 Jun 2026, 07:00 pm
Gemstone Investments Converts 3 Cr Warrants to Equity
AI Summary
Gemstone Investments Ltd announced the conversion of 3,00,00,000 convertible warrants into 3,00,00,000 equity shares of face value ₹1 each. The conversion was approved by the Board of Directors on June 19, 2026, at a price of ₹2.50 per share. This preferential allotment was made to non-promoters, including Satyam Shririshchandra Joshi, Bijay Kumar Agrawal, and Anura Satyam Joshi. The total subscription amount received was ₹5,62,50,000, with 75% of the issue price per warrant collected prior to conversion.
Key Highlights
- 3 crore warrants converted into equity shares.
- Conversion price set at ₹2.50 per share.
- Allotment made to non-promoter investors.
- Total funds raised ₹5.625 crore.
- Board approved conversion on June 19, 2026.
Price Impact
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