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. 40.84 Crore. Additionally, the company has allotted 166,200 warrants, convertible into equity shares, at an issue price of Rs. 602 per warrant to the promoter and promoter group. A total of Rs. 25.01 Crore has been received as 25% of the consideration for these warrants. This preferential allotment was approved by shareholders in an EGM on August 24, 2026, and subsequently by the Board of Directors on November 4, 2026.
Key Highlights
- Allotment of 678,388 equity shares at Rs. 602 each.
- Allotment of 166,200 warrants to promoter and promoter group.
- Total funds raised from equity share allotment is Rs. 40.84 Crore.
- 25% consideration received for warrants amounts to Rs. 25.01 Crore.
- Board approved the allotment on November 4, 2026.
Price Impact
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