StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action21 Oct 2026, 02:26 pm

Indra Meghraj Jain Acquires 5.5 Lakh Warrants in Mangal Credit

AI Summary

Indra Meghraj Jain has acquired 5,50,000 Convertible Equity Warrants in Mangal Credit and Fincorp Limited through a preferential allotment. This transaction increases their holding of warrants from 0 to 5,50,000. The acquisition represents 2.33% of the total diluted share capital. Prior to this, Indra Meghraj Jain held 63,036 shares, representing 0.30% of the total share capital. After the acquisition, their total holding of shares and warrants amounts to 6,13,076, representing 2.60% of the total diluted share capital.

Key Highlights

  • Indra Meghraj Jain acquired 5,50,000 convertible equity warrants.
  • The acquisition was made via preferential allotment.
  • Warrant holding increased by 2.33% of diluted capital.
  • Total holding post-acquisition is 2.60% of diluted capital.