Deals29 Aug 2026, 06:30 pm
JHS Svendgaard Retail Ventures Allots 23.01 Lakh Warrants
AI Summary
JHS Svendgaard Retail Ventures Ltd has approved the allotment of 23,01,000 fully convertible warrants on a preferential basis to the non-promoter group. The warrants were issued at a price of ₹25 per warrant, with 25% of the issue price (₹6.25 per warrant) collected upfront, totaling ₹1,43,81,250. Each warrant is convertible into one equity share of face value ₹10 at a price of ₹25 within 18 months. This allotment does not change the company's paid-up share capital at this stage.
Key Highlights
- Allotment of 23,01,000 fully convertible warrants approved.
- Warrants issued on preferential basis to non-promoter group.
- Issue price set at ₹25 per warrant; ₹6.25 collected upfront.
- Each warrant convertible to one equity share within 18 months.
- No immediate change in paid-up share capital.
Price Impact
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