Corporate Action9 Jun 2026, 05:01 pm
RSWM Ltd Allots 24.7 Lakh Convertible Warrants at ₹146
AI Summary
RSWM Ltd announced the allotment of 24,70,000 convertible warrants to LNJ Textiles Advisory LLP, a promoter group entity. The warrants are priced at ₹146 each, with a premium of ₹136 per warrant. The allottee has paid 25% of the consideration, with the remaining 75% due within 18 months for conversion into equity shares of face value ₹10. This allotment does not immediately increase the company's paid-up share capital.
Key Highlights
- 24.7 lakh convertible warrants allotted to promoter group.
- Warrants priced at ₹146 each, including ₹136 premium.
- Conversion into equity shares possible within 18 months.
- 25% consideration received; 75% due upon conversion.
Price Impact
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