Shareholding10 Jun 2026, 04:41 pm
Jet Freight Promoter Group Acquires Warrants Worth ₹40 Cr
AI Summary
Jet Freight Logistics Ltd announced the allotment of 2,22,40,000 warrants on a preferential basis to members of its promoter group at ₹18 per warrant. The total value of this allotment is approximately ₹40.03 crore. This issuance is in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The allotment is expected to result in a change in the shareholding pattern of the promoter and promoter group, increasing their potential voting rights upon conversion.
Key Highlights
- Promoter group acquired 2.22 Cr warrants at ₹18 each.
- Total value of warrant allotment is approx. ₹40.03 Cr.
- Disclosure made under SEBI Takeover Regulations.
- Potential change in promoter group's diluted shareholding.
- Warrants are convertible into equity shares.
Price Impact
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