Corporate Action13 May 2026, 02:09 pm
Rita Finance Allots 60 Lakh Convertible Warrants
AI Summary
Rita Finance and Leasing Ltd has allotted 60,00,000 convertible warrants to non-promoter category individuals and entities via preferential allotment. Each warrant allows the holder to subscribe to one equity share at ₹20.00 per warrant, with 25% of the issue price received upfront. The allottees can apply for equity shares against each warrant by paying the remaining 75% within 18 months.
Key Highlights
- Rita Finance allots 60,00,000 convertible warrants to non-promoters.
- Warrants issued at ₹20.00 each, convertible into one equity share.
- 25% of the issue price received upfront as per SEBI ICDR Regulations.
- Allottees can apply for equity shares within 18 months by paying the balance 75%.
- Total of 18 allottees in the non-promoter category.
Price Impact
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