Porwal Auto Allots 17.54 Lakh Shares, 3.94 Lakh Warrants

Porwal Auto Components Ltd announced the allotment of 17,54,384 equity shares and 3,94,735 convertible warrants on a preferential basis. The equity shares were allotted at ₹57.00 each, raising ₹9,99,99,888. The convertible warrants were allotted at ₹14.25 each as upfront payment, with a total issue price of ₹57.00 per warrant. The company also approved obtaining an International Securities Identification Number (ISIN) for these warrants. This move increases the company's paid-up equity share capital.