Pune E-Stock Broking Converts 1 Lakh Warrants to Equity

Pune E-Stock Broking Ltd has announced the conversion of 1,00,000 warrants into an equal number of equity shares. This conversion, approved by the Board of Directors, involves the allotment of 1,00,000 equity shares of face value Rs. 10 each at an issue price of Rs. 171 per share to M/S Viney Equity Market LLP, a non-promoter group entity. The company received the balance 75% consideration amounting to Rs. 1,28,25,000 for this conversion. Following this, the company's issued, subscribed, and paid-up equity share capital has increased to Rs. 15,85,08,580, comprising 1,58,50,858 equity shares. The newly allotted shares will rank pari-passu with existing shares.