Corporate Action6 Nov 2026, 06:34 pm
Manba Finance Approves Preferential Allotment of Shares & Warrants
AI Summary
Manba Finance Ltd. announced board approval for the preferential allotment of 42,59,272 equity shares at ₹135 per share, aggregating ₹57.50 Crore, to 13 non-promoter/public allottees. Additionally, the board approved the allotment of 24,07,223 warrants at ₹135 per warrant, aggregating ₹32.50 Crore, to two promoter/promoter group allottees. Each warrant is convertible into one equity share within 18 months. The total issue consideration for shares and warrants is ₹89.99 Crore. This allotment will increase the company's paid-up equity share capital.
Key Highlights
- Board approves preferential allotment of equity shares and warrants.
- 42.59 lakh equity shares to be issued at ₹135 each.
- 24.07 lakh warrants to be issued to promoter group.
- Total fundraising of ₹89.99 Crore approved.
- Allotted shares and warrant conversions subject to lock-in.
Price Impact
More from MANBA