NIBE Ltd Allots 3.2 Lakh Shares on Warrant Conversion

NIBE Ltd announced the allotment of 3,20,000 equity shares of face value Rs. 10 each at an issue price of Rs. 1258 per share to Eminence Global Fund PCC – Eubilia Capital Partners Fund I. This allotment is a result of the conversion of 3,20,000 warrants, representing 75% of the subscription money received. The issuance was done on a preferential basis. This conversion increases the company's paid-up equity share capital from Rs. 14,94,12,730 to Rs. 15,26,12,730, comprising 1,52,61,273 equity shares. The newly allotted shares will rank pari-passu with existing equity shares.