Vascon Engineers Allots 2 Cr Warrants at ₹40 Each

Vascon Engineers Limited has approved the allotment of 2,00,00,000 convertible warrants on a preferential basis to promoter and non-promoter entities. Each warrant is priced at ₹40, including a premium of ₹30, and carries the right to subscribe to one equity share per warrant. The company has received 25% of the issue price as upfront consideration, with the balance 75% due within 18 months. This preferential issue, subject to regulatory approvals, aims to strengthen the company's capital base. Post-allotment, the fully diluted equity share capital is expected to increase.