Mini Diamonds India Allots 1.11 Cr Warrants to Promoters

Mini Diamonds India Ltd has approved the allotment of 1,11,00,000 (1.11 Crore) Convertible Warrants to promoters Upendra Narottamdas Shah and Ronish U Shah. Each warrant is convertible into one equity share of face value INR 2 at an issue price of INR 8 (including a premium of INR 6). The total subscription amount received for these warrants is ₹2,22,00,000 (₹2.22 Crore), representing 25% of the warrant issue price. The warrant holders can exercise their conversion rights within 18 months by paying the remaining 75% of the issue price.