Corporate Action5 Jun 2026, 01:50 pm
Jet Freight Logistics Approves Preferential Allotment of Warrants
AI Summary
Jet Freight Logistics Ltd's Board of Directors has approved the preferential allotment of 3,74,27,694 warrants convertible into equity shares. The issue price is ₹18 per warrant, aggregating to ₹67.37 crore. This includes allotments to both promoter and non-promoter groups. The company has already received ₹16.84 crore as warrant subscription price, representing 25% of the issue price.
Key Highlights
- Board approves preferential allotment of 3.74 crore warrants.
- Total issue size aggregates to ₹67.37 crore.
- Allotment includes promoter and non-promoter categories.
- Warrants are convertible into equity shares at ₹18 each.
- Company has received ₹16.84 crore as initial subscription.
Price Impact
More from JETFREIGHT