iStreet Network Allots 3.5 Lakh Equity Shares on Warrant Conversion
iStreet Network Ltd announced the allotment of 3,50,000 equity shares following the conversion of warrants. The conversion was approved by the Board of Directors on September 4, 2026. These shares were issued at an exercise price of ₹4.5 per share, with the total amount received being ₹15,75,000. The allotment was made for cash upon receipt of 75% of the warrant issue price. This issuance increases the company's paid-up equity share capital from ₹28,64,66,680 to ₹28,78,66,680. The newly allotted shares rank pari-passu with existing equity shares.
Key Highlights
- 3,50,000 equity shares allotted upon warrant conversion.
- Total funds raised ₹15,75,000 at ₹4.5 per share.
- Paid-up capital increased to ₹28,78,66,680.
- New shares rank equally with existing equity shares.
- Conversion follows SEBI ICDR Regulations, 2018.
Price Impact
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