Corporate Action8 May 2026, 01:34 pm
Gretex to Issue 19.51 Lakh Convertible Warrants, Totaling ₹69.85 Cr
AI Summary
Gretex Corporate Services Ltd announced a revised intimation regarding the issue of 19,51,000 fully convertible warrants on a preferential basis, each convertible into one equity share at ₹358.00. The warrants can be converted within 18 months from the date of allotment. The total consideration for the issue is ₹69,84,58,000. The revision corrects a typographical error in the number of equity warrants for allottees 2 & 3. The allottees include Ambition Tie-Up Private Limited, Zyana Developers LLP, Shailja Sandeep Jindal, Gautam Gopi Kishan Makharia, and Punit GopiKishan Makharia.
Key Highlights
- Gretex to issue 19,51,000 convertible warrants at ₹358 each.
- Total consideration for the warrant issue is ₹69.85 Cr.
- Each warrant is convertible into one equity share within 18 months.
- Issue is on a preferential basis to non-promoter, public category investors.
- Revision corrects a typographical error in the number of warrants for some allottees.
Price Impact
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