Corporate Action3 Sept 2026, 07:21 pm
Lippi Systems Allots 65 Lakh Warrants to Promoters
AI Summary
Lippi Systems Ltd has approved the allotment of 65,00,000 Convertible Equity Warrants on a preferential basis to promoter category allottees. The issue price is Rs 56.84 per warrant, with an aggregate value of Rs 36,94,60,000. The company has received 25% of the consideration amount, totaling Rs 9,23,65,000. Each warrant is convertible into one equity share of Rs 10 face value within 18 months upon payment of the balance consideration.
Key Highlights
- 65 lakh warrants allotted to promoters on preferential basis.
- Issue price set at Rs 56.84 per warrant.
- Company received Rs 9.23 crore as 25% upfront consideration.
- Warrants convertible to equity shares within 18 months.
- No change in paid-up share capital post-allotment.
Price Impact
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