Allotment of 25.2 Lakh Equity Shares on Warrant Conversion
AAREYDRUGS · price
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Aarey Drugs board allotted 25,20,000 equity shares (face value Rs. 10) on conversion of warrants at Rs. 63.80 per share, collecting Rs. 12.06 crore as the remaining 75 percent payment. Paid-up capital rises from 2.83 crore to 3.34 crore shares. All converted warrants went to promoter group members of the Ghatalia family. 24,80,000 warrants remain outstanding with non-promoter allottees, convertible within 18 months from May 2025.
Minor dilution with promoter group increasing stake. Rs. 12 crore inflow to company. Remaining 24.8 lakh warrants may cause further dilution.