Corporate Action6 May 2026, 04:51 pm
iStreet Network Allots 10,83,334 Equity Shares on Warrant Conversion
AI Summary
iStreet Network Ltd has allotted 10,83,334 equity shares following the conversion of warrants. The Board of Directors approved the conversion on May 06, 2026. Each warrant was converted into one equity share with a face value of ₹4. The allotment was made for cash, with an exercise price of ₹4.5 per share warrant, totaling ₹48,75,002. Post-allotment, the paid-up equity share capital increased from ₹27,76,66,676 to ₹28,20,00,012.
Key Highlights
- iStreet Network allots 10,83,334 equity shares upon warrant conversion.
- Conversion price was ₹4.5 per warrant, totaling ₹48,75,002.
- Paid-up equity share capital increases to ₹28,20,00,012 post-allotment.
- Allotted shares rank equally with existing equity shares.
Price Impact
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