Regency Fincorp Allots 28.12 Lakh Shares on Warrant Conversion

Regency Fincorp Ltd announced the allotment of 28,12,120 equity shares upon conversion of an equal number of share warrants. The conversion was done at an issue price of ₹22 per share, including a premium of ₹12. This conversion follows the receipt of the balance payment from 'Non-Promoters/Public Category' allottees. The company also noted that 24,16,669 warrants remained unconverted upon expiry and will be forfeited. The issuance has increased the company's issued and paid-up capital to ₹88.84 crore, comprising 8,88,46,070 equity shares of ₹10 each.