Investment27 Jul 2026, 05:41 pm
Hariom Pipe Allots 15 Lakh Warrants to Promoters
AI Summary
Hariom Pipe Industries Ltd has approved the allotment of 15,00,000 Convertible Warrants on a preferential basis to Promoter and Promoter Group entities. The warrants are convertible into one equity share each at an issue price of Rs. 343.03 per warrant. The company has received 25% of the issue price, amounting to Rs. 12,86,36,250/-, from the allottees. The remaining 75% is payable within 18 months upon exercise of the warrants. This allotment does not alter the company's paid-up equity share capital, shareholding pattern, or control.
Key Highlights
- 15,00,000 convertible warrants allotted on preferential basis.
- Allottees are from Promoter and Promoter Group.
- Issue price set at Rs. 343.03 per warrant.
- 25% subscription money received, balance due within 18 months.
- No change in paid-up capital or shareholding pattern.
Price Impact
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