Vikram Kamats Allots 7.65 Lakh Equity Shares on Warrant Conversion

Vikram Kamats Hospitality Ltd has allotted 7,65,325 fully paid-up equity shares of ₹10 each to four allottees, including promoters, following the conversion of warrants. The Allotment Committee approved this upon receiving the balance 70% subscription money. This preferential allotment increases the company's paid-up equity share capital from ₹17.43 crores to ₹18.19 crores, divided into 1,81,99,190 equity shares. The newly allotted shares rank pari passu with existing shares, and the conversion price was ₹74 per share.