NIBE Ltd Allots 2.4 Lakh Shares on Warrant Conversion

NIBE Ltd announced the allotment of 2,40,500 equity shares, each with a face value of Rs. 10, at an issue price of Rs. 1258 per share. This allotment is a result of the conversion of warrants held by Eminence Global Fund PCC – Eubilia Capital Partners Fund I, following the receipt of the balance 75% subscription money. The issuance was made on a preferential basis. This conversion increases the company's paid-up equity share capital from Rs. 15,26,12,730 to Rs. 15,50,17,730, comprising 1,55,01,773 equity shares. The newly allotted shares will rank pari-passu with existing equity shares.