Investment6 Mar 2026, 03:54 pm
Kavveri Defence & Wireless Technologies Ltd. Approves Allotment of Equity Shares Pursuant to Conversion of Warrants
AI Summary
Kavveri Defence & Wireless Technologies Ltd. has approved the allotment of equity shares pursuant to the conversion of 72,50,000 (Seventy Two Lakhs Fifty Thousand) warrants into Equity Share capital of the company. The warrants were allotted on September 10, 2024, and the allotment of equity shares was made on September 16, 2024, and September 17, 2024. The equity shares were allotted to persons belonging to the Promoter and Non-Promoter Category at an issue price of Rs. 16/- (Rupees Sixteen only) including a premium of Rs. 6/- each. The total amount received was 8,70,00,000 (Eight Crore Seventy Lakhs).
Key Highlights
- Kavveri Defence & Wireless Technologies Ltd. approved the allotment of equity shares pursuant to the conversion of warrants.
- The warrants were allotted on September 10, 2024, and the allotment of equity shares was made on September 16, 2024, and September 17, 2024.
- The equity shares were allotted to persons belonging to the Promoter and Non-Promoter Category at an issue price of Rs. 16/- (Rupees Sixteen only) including a premium of Rs. 6/- each.
- The total amount received was 8,70,00,000 (Eight Crore Seventy Lakhs).