Jet Freight Approves Allotment of 3.74 Cr Warrants

Jet Freight Logistics Ltd's Board of Directors has approved the allotment of 3,74,27,694 warrants convertible into equity shares on a preferential basis. The issue price is ₹18 per warrant, with ₹4.5 collected as subscription. The total issue size is ₹67.37 crore. These warrants are allotted to both promoter and non-promoter groups, including individuals and corporate entities. Each warrant is convertible into one equity share of face value ₹5 upon payment of the balance exercise price of ₹13.5 per warrant.