Deals1 Oct 2026, 11:42 am
Jayaswal Neco Allots 2.24 Cr Warrants for ₹200 Cr
AI Summary
Jayaswal Neco Industries Ltd announced the allotment of 2,24,39,134 warrants to M/s Vibrant Enterprises through its partners and associated entities. This allotment, made on a preferential basis via private placement, is valued at ₹200,00,00,013.42 (₹200 Crore). The company has received an upfront payment of ₹50,00,00,003.36 (25% of the total amount), with the balance payable upon exercise of the warrants. Each warrant grants the right to subscribe to one equity share of face value ₹10, exercisable within 18 months. The issuance is in compliance with SEBI ICDR Regulations and the Companies Act, 2013.
Key Highlights
- Allotment of 2,24,39,134 warrants to Vibrant Enterprises.
- Total issue size aggregates to ₹200 Crore.
- 25% upfront payment received, balance due upon warrant exercise.
- Warrants exercisable into equity shares within 18 months.
- Allotment via preferential issue on private placement basis.
Price Impact
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