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Srestha Finvest converts warrants, allotting shares to Non-Promoter entities for Rs 12.02 crore
17-Aug-2026, 09:13
Srestha Finvest Limited announced the allotment of 15,25,79,365 equity shares, representing the conversion of an equal number of convertible warrants, to Non-Promoter entities under a preferential basis allotment approved at a board meeting held on August 17, 2026. The allotment, priced at Rs 1.05 per share including a premium of Rs 0.05, follows the initial receipt of Rs 22,39,12,500 as a subscription amount for the warrants, which were initially issued on February 18, 2025. Two allottees deposited the remaining consideration amount, totaling Rs 12,01,56,250, and exercised their rights to convert the warrants into equity shares.
Srestha Finvest Limited announced the allotment of 15,25,79,365 equity shares, representing the conversion of an equal number of convertible warrants, to Non-Promoter entities under a preferential basis allotment approved at a board meeting held on August 17, 2026. The allotment, priced at Rs 1.05 per share including a premium of Rs 0.05, follows the initial receipt of Rs 22,39,12,500 as a subscription amount for the warrants, which were initially issued on February 18, 2025. Two allottees deposited the remaining consideration amount, totaling Rs 12,01,56,250, and exercised their rights to convert the warrants into equity shares.