Deals31 Jul 2026, 06:40 pm
Hi-Tech Pipes Allots 90 Lakh Warrants to Promoter Group
AI Summary
Hi-Tech Pipes Ltd announced the allotment of 9,000,000 Fully Convertible Equity Warrants on a preferential basis to entities within the Promoter Group. The allotment was approved by the Securities Allotment Committee on July 31, 2026. Each warrant is convertible into one equity share of face value Re. 1/-. The subscription money received is Rs. 25/- per warrant, representing 25% of the issue price of Rs. 100/-. The remaining 75% of the issue price is payable within 18 months. The allotment does not alter the company's paid-up equity share capital, shareholding pattern, or control.
Key Highlights
- 90 lakh convertible warrants allotted to promoter group.
- Warrants issued on preferential basis at Rs. 25 per warrant (25% of issue price).
- Full conversion price set at Rs. 100 per warrant.
- Allotment does not change company's control or shareholding.
- Balance payment due within 18 months for conversion.
Price Impact
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