Corporate Action13 Jul 2026, 07:41 pm
Indo Thai Securities Allots 17.2 Lakh Shares on Warrant Conversion
AI Summary
Indo Thai Securities Ltd announced the allotment of 17,20,000 equity shares following the conversion of 1,72,000 warrants. This conversion, which involved a stock split adjustment (10 shares per warrant), was approved by the Preferential Allotment Committee. The company received the remaining 75% of the issue price for these warrants, amounting to ₹6,45,00,000. The allotment is in line with shareholder resolutions and prior approvals from BSE and NSE. The total post-allotment shareholding of the allottees is 3.14%.
Key Highlights
- 17,20,000 equity shares allotted upon warrant conversion.
- Conversion follows receipt of remaining 75% issue price.
- Stock split adjusted allotment ratio of 10:1.
- Allottees now hold 3.14% of the company's equity.
- Transaction approved by Preferential Allotment Committee.
Price Impact
More from INDOTHAI