Koura Fine Diamond Jewelry Ltd: Board Allots 7,85,000 Equity Shares Following Warrant Conversion

Koura Fine Diamond Jewelry Ltd announced the allotment of 7,85,000 equity shares following the conversion of warrants. The allotment was made at a price of Rs. 31.30 per share, including a premium of Rs. 21.30 per share. The allottees are Charmi Kamlesh Lodhiya and Soham Kamlesh Lodhiya, receiving 5,00,000 and 2,85,000 shares respectively. The total consideration for the allotment stands at Rs. 2,45,70,500. The allotted shares will rank pari-passu with the existing shares and will be listed on the BSE Ltd.