Kizi Apparels Allots 23.04 Lakh Shares on Warrant Conversion

Kizi Apparels Ltd has approved the allotment of 23,04,000 equity shares following the conversion of warrants. The shares were issued at a price of ₹15.50 each, including a premium of ₹5.50. The conversion involved receipt of the remaining 75% exercise price, amounting to ₹2,67,84,000. This issuance increases the company's paid-up equity share capital from ₹7,81,92,000 to ₹10,12,32,000. The newly allotted shares will rank pari passu with existing equity shares. The company will apply for listing of these shares on the stock exchange.