Kizi Apparels Allots 23.04 Lakh Shares on Warrant Conversion

Kizi Apparels Ltd announced the allotment of 23,04,000 fully paid-up Equity Shares following the conversion of convertible warrants. The conversion was executed at an issue price of ₹15.50 per share, including a premium of ₹5.50. The total amount received for this conversion is ₹2,67,84,000. This allotment increases the company's paid-up equity share capital from ₹7,81,92,000 to ₹10,12,32,000. The newly issued shares will rank pari passu with existing equity shares. The company will apply for listing and trading of these new shares on the stock exchange.