HT Media Allots 3.87 Cr Warrants at ₹24.57 Each

HT Media Ltd announced the allotment of 3,87,87,137 warrants on a preferential basis at an issue price of ₹24.57 per warrant. This preferential issue aims to raise capital in accordance with SEBI's ICDR Regulations. The company has received an upfront payment of ₹23,82,49,989.02, representing 25% of the total issue price. Each warrant holder has the right to subscribe to one equity share upon payment of the remaining 75% consideration. The allotment follows earlier intimations and approvals from shareholders and stock exchanges.