Trident Lifeline Allots 24,000 Equity Shares on Warrant Conversion

Trident Lifeline Ltd has announced the allotment of 24,000 equity shares of face value Rs. 10 each, following the conversion of an equal number of warrants. The conversion was executed upon receipt of the remaining 75% of the issue price from the warrant holders. The total amount received for this conversion was Rs. 47,88,000. This allotment increases the company's issued, subscribed, and paid-up equity share capital to Rs. 11,95,70,000, comprising 11,957,000 equity shares. The new shares will rank pari-passu with existing equity shares. One warrant holder, Ashish Anandsingh Bafna, was involved in this conversion.