Corporate Action11 May 2026, 06:01 pm
Naapbooks Allots 4,46,400 Equity Shares on Warrant Conversion
AI Summary
Naapbooks Ltd has allotted 4,46,400 equity shares of face value ₹10 each at a price of ₹61 per share to warrant holders upon conversion of warrants. The allotment was made for cash, with the company receiving ₹2,04,22,800, representing 75% of the warrant exercise price. Post-allotment, the paid-up equity share capital increased from ₹10,83,42,000 to ₹11,28,06,000.
Key Highlights
- Naapbooks allots 4,46,400 equity shares upon warrant conversion.
- Allotment price is ₹61 per share, including a premium of ₹51.
- Company receives ₹2,04,22,800 from warrant holders.
- Post-allotment, equity share capital increases to ₹11,28,06,000.
- Equity shares rank pari-passu with existing shares.
Price Impact
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