STOCKWATCH

Atal Realtech Ltd Allots 1,19,81,250 Equity Shares and 45,00,000 Warrants

Atal Realtech Ltd has approved the allotment of 1,19,81,250 equity shares and 45,00,000 warrants convertible into equity shares. The equity shares and warrants are priced at Rs. 16/- each, with Rs. 2/- as face value and Rs. 14/- as premium. The allotment has been made to identified allottees on a preferential basis. The new equity shares rank pari-passu with the existing shares. The warrant holders can get their warrants converted into equal number of Equity Shares of the Company by paying the remaining 75% within 18 months from the date of warrant allotment. The paid-up equity capital of the Company has increased from Rs. 22,20,30,000/- to Rs. 24,77,92,500/-.

• Allotment of 1,19,81,250 equity shares
• Allotment of 45,00,000 warrants convertible into equity shares
• Issue price of Rs. 16/- per equity share and warrant
• Allotment to identified allottees on a preferential basis
• Increase in paid-up equity capital from Rs. 22,20,30,000/- to Rs. 24,77,92,500/