Investment24 Jun 2026, 08:20 pm
Jana Small Finance Bank Approves Allotment of 88.43 Lakh Warrants
AI Summary
Jana Small Finance Bank Limited's Board of Directors has approved the preferential allotment of 88,43,000 warrants to five investors: Singularity Large Value Fund III, ICM Finance Private Limited, 2i Capital PCC, Capri Global Ventures Private Limited, and Utpal Hemendra Sheth. The total amount paid upfront by these investors is ₹102,76,00,818.00. Additionally, GWC Family Fund Investments Pte. Ltd. has applied to the RBI for approval to subscribe to 68,29,909 warrants. The equity shares issued upon conversion of these warrants will be listed on BSE and NSE.
Key Highlights
- Board approves allotment of 88.43 lakh warrants via preferential issue.
- Investors pay ₹102.76 crore upfront for warrants.
- GWC Family Fund seeks RBI approval for 68.3 lakh warrants.
- Warrants carry the right to subscribe to fully paid-up equity shares.
- Resulting equity shares to be listed on BSE and NSE.
Price Impact
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