Investment5 Mar 2026, 12:29 pm
Kavveri Defence & Wireless Technologies Converts Warrants into Equity Shares, Increasing Paid-Up Capital
AI Summary
Kavveri Defence & Wireless Technologies Ltd. has approved the allotment of equity shares pursuant to the conversion of 1,85,00,000 warrants into 1,85,00,000 Equity shares at an issue price of 16/- (Rupees Sixteen only) including a premium of Rs. 6/- each. The conversion has resulted in an increased paid-up equity shares capital of the Company from Rs. 34,37,42,600 to Rs. 52,87,42,600.
Key Highlights
- Conversion of 1,85,00,000 warrants into equity shares
- Issue price of 16/- (Rupees Sixteen only) per share including a premium of 6/-
- Paid-up equity shares capital increased from Rs. 34,37,42,600 to Rs. 52,87,42,600
- 75% of the issue price per warrant to be received at the time of exercise
- Unexercised warrants to lapse after 18 months from the date of allotment