Corporate Action30 Oct 2026, 05:30 pm
Kross Ltd Allots 15 Lakh Shares & 15 Lakh Warrants
AI Summary
Kross Ltd announced the allotment of 15,00,000 equity shares at ₹212 per share, raising ₹31.80 Crore from non-promoters on a preferential basis. Additionally, the company allotted 15,00,000 fully convertible warrants to promoters at the same price, with 25% upfront payment of ₹7.95 Crore. These warrants are convertible into equity shares within 18 months. The paid-up equity capital increased post-share allotment. A Capital Management Committee has been formed to handle warrant conversions.
Key Highlights
- 15 lakh equity shares allotted on preferential basis.
- 15 lakh convertible warrants allotted to promoters.
- Total funds raised from shares and warrants ₹63.60 Crore.
- Paid-up capital increased post-share allotment.
- Capital Management Committee formed for warrant conversions.
Price Impact
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