Investment26 Feb 2026, 02:53 pm
Motisons Jewellers Ltd. Approves Allotment of Equity Shares Upon Conversion of Warrants
AI Summary
Motisons Jewellers Ltd. has approved the allotment of 54,00,000 equity shares at an issue price of Rs. 17/- each, including a premium of Rs. 16/- each, to Nexpact Limited. This allotment is pursuant to the conversion of 5,40,000 warrants out of the outstanding 26,00,000 warrants issued at an issue price of Rs. 170/- each. The warrants were allotted to Nexpact Limited, a non-promoter public category, on a preferential basis. The new equity shares will rank pari-passu with the existing equity shares of the Company.
Key Highlights
- Motisons Jewellers Ltd. approves allotment of 54,00,000 equity shares
- Allotment is pursuant to the conversion of 5,40,000 warrants
- Warrants were allotted to Nexpact Limited, a non-promoter public category
- New equity shares will rank pari-passu with existing shares
- 82,70,000 total warrants are still outstanding for conversion