Veranda Learning Allots 1,55,763 Equity Shares on Warrant Conversion
Veranda Learning Solutions Ltd announced the allotment of 1,55,763 equity shares upon conversion of warrants. The conversion was executed by Goodday Enterprises LLP, a non-promoter entity, at an issue price of ₹321 per share. The company received ₹3,74,99,942.25, representing 75% of the issue price, for this conversion. This allotment increases the company's paid-up share capital from 9,63,50,847 equity shares to 9,65,06,610 equity shares. The newly allotted shares will rank pari-passu with existing shares and are subject to listing approvals.
Key Highlights
- 1,55,763 warrants converted into equity shares.
- Goodday Enterprises LLP is the allottee, a non-promoter.
- Total consideration for conversion amounts to ₹4,99,99,923.
- Paid-up share capital increased post-allotment.
- New shares will rank pari-passu with existing equity.
Price Impact
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