Corporate Action7 Jul 2026, 03:17 pm
Vintage Coffee Allots 8 Lakh Equity Shares on Warrant Conversion
AI Summary
Vintage Coffee And Beverages Ltd has announced the allotment of 8,00,000 equity shares of face value ₹10 each at an issue price of ₹124 per share, totaling ₹9,92,00,000. This allotment is a result of the conversion of 8,00,000 warrants previously issued to Mr. Tati Sai Teja, who belongs to the Promoter Category. The company had initially allotted 15,00,000 warrants on a preferential basis. Upon exercise, 75% of the consideration for 8,00,000 warrants was received, leading to this equity share allotment.
Key Highlights
- 8,00,000 equity shares allotted upon warrant conversion.
- Total issue price aggregates to ₹9,92,00,000.
- Allotment made to promoter Mr. Tati Sai Teja.
- Conversion follows exercise of 8,00,000 warrants.
- Face value of shares is ₹10 with a premium of ₹114.
Price Impact
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