Deals30 Jul 2026, 12:31 pm
Rane Holdings Allots 3,38,030 Warrants to Promoter Group
AI Summary
Rane Holdings Ltd has announced the preferential allotment of 3,38,030 convertible warrants to members of its Promoter/Promoter Group. Each warrant has a face value of ₹10 and is convertible into one equity share of ₹10 face value. The allotment was made for cash, with 25% of the issue price (₹295.83 per warrant) paid upfront. The total issue price per equity share is ₹1,183.32. These warrants are convertible in tranches within 18 months from the allotment date upon payment of the remaining 75% issue price.
Key Highlights
- Preferential allotment of 3,38,030 convertible warrants to Promoter/Promoter Group.
- Warrants are convertible into equity shares at ₹1,183.32 per share.
- 25% warrant subscription price of ₹295.83 paid upfront.
- Conversion period is 18 months from allotment date.
- Allotment made to Ganesh L and Harish Lakshman.
Price Impact
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