Corporate Action4 Nov 2026, 08:21 pm
Stellant Securities Allots Equity Shares and Warrants
AI Summary
Stellant Securities (India) Ltd announced the allotment of 678,388 equity shares at an issue price of Rs. 602 per share, aggregating to Rs. 408,389,576/-. Additionally, the company approved the allotment of 166,200 warrants, convertible into equity shares, at an issue price of Rs. 602 per warrant. The company has received 25% of the total consideration for these warrants, amounting to Rs. 25,013,100/-. This action follows shareholder approval from an EGM held on August 24, 2026, and in-principle approval from BSE Ltd on October 21, 2026. The board meeting where these approvals were granted concluded on November 4, 2026.
Key Highlights
- Allotment of 678,388 equity shares at Rs. 602 each.
- Allotment of 166,200 warrants convertible into equity shares.
- Total consideration for equity shares is Rs. 408,389,576.
- 25% of warrant consideration received: Rs. 25,013,100.
- Approvals obtained via EGM and BSE in-principle consent.
Price Impact
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