Board allots 18 lakh convertible warrants at Rs 21.50 each on preferential basis
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Ambassador Intra Holdings Limited's board approved allotment of 18,00,000 convertible warrants at Rs 21.50 per warrant, including Rs 11.50 premium over face value of Rs 10, on a preferential basis to public category entities and individuals. Each warrant converts into 1 equity share within 18 months. Allottees paid 25 percent upfront (total Rs 96.75 lakh) with 75 percent due on conversion. Allotment made under SEBI ICDR Chapter V regulations. Ten allottees include Garima Venture Finance, Parshva Alloys, Evolvion Advisory and several individuals.
Potential equity dilution of up to 18 lakh shares within 18 months if warrants convert. Company receives Rs 96.75 lakh upfront with more on conversion.