Corporate Action13 Aug 2026, 07:43 pm
iStreet Network Allots 4,16,667 Equity Shares on Warrant Conversion
AI Summary
iStreet Network Ltd announced the allotment of 4,16,667 equity shares following the conversion of warrants. The conversion was approved by the Board of Directors on August 13, 2026. Each warrant was converted into one equity share of face value ₹4. The company received ₹4.5 per share, totaling ₹18,75,001. This allotment increases the company's paid-up equity share capital from ₹28,48,00,012 to ₹28,64,66,680. The newly allotted shares rank pari-passu with existing shares.
Key Highlights
- 4,16,667 warrants converted into equity shares.
- Total funds received from conversion: ₹18,75,001.
- Paid-up equity capital increased to ₹28,64,66,680.
- New shares rank equally with existing equity shares.
Price Impact
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