48 lakh warrants converted into equity shares
AERONEU · price
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The board approved converting 48,00,000 warrants into 48,00,000 fully paid equity shares of face value ₹10 each. The shares were allotted at an ₹80 premium, and holders paid the remaining ₹67.50 per warrant, totalling ₹32.40 crore. Promoter Aeroflex Enterprises converted 36,00,000 warrants; two non-promoter funds converted 6,00,000 each. Paid-up capital rose to 3,05,96,000 shares worth ₹30.60 crore. New shares rank equally with existing shares.
Share count rises 18.6%, diluting holders, and the company receives ₹32.40 crore from conversion. New shares rank equally with existing shares.