Corporate Action7 May 2026, 01:13 pm
Rishi Laser Allots 8 Lakh Equity Shares on Warrant Conversion
AI Summary
Rishi Laser Ltd has allotted 8,00,000 equity shares at ₹150 each following the conversion of warrants by nine warrant holders. The warrants, initially issued on November 7, 2024, were converted into equity shares on May 7, 2026. This conversion increases the company's issued, subscribed, and paid-up equity share capital to ₹9,99,26,000, comprising 99,92,600 fully paid-up equity shares of ₹10 each.
Key Highlights
- Rishi Laser allotted 8,00,000 equity shares after warrant conversion.
- Issue price was ₹150 per share, including a premium of ₹140.
- Paid-up equity share capital increased to ₹9,99,26,000 post-allotment.
- Nine warrant holders exercised their conversion rights.
- New equity shares rank equally with existing shares.
Price Impact
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