
Corporate Action27 Jul 2026, 09:10 pm
L.T. Elevator Allots 21.00 Lakh Equity Shares & 5.32 Lakh Warrants
AI Summary
L.T. Elevator Ltd's Board of Directors, in a meeting on July 27, 2026, approved the preferential allotment of 21,00,078 equity shares for cash at ₹188 per share. Additionally, 5,31,914 fully convertible warrants were allotted on a preferential basis at ₹188 per warrant, with 25% of the issue price paid upfront. This corporate action increases the company's issued and paid-up equity share capital to ₹21,26,31,330, comprising 2,12,63,133 equity shares of ₹10 each. The newly allotted shares will rank pari passu with existing equity shares.
Key Highlights
- Board approved preferential allotment of 21,00,078 equity shares.
- 5,31,914 fully convertible warrants also allotted preferentially.
- Issue price for both shares and warrants is ₹188 each.
- Paid-up equity capital increased to ₹21.26 crore.
- Allottees include Bandhan Small Cap Fund and Motilal Oswal.
Price Impact
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