Allotment of 2 lakh shares on warrant conversion; 16 lakh warrants forfeited

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ASHIKA · price

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₹386.50

prior close

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AI summary

Ashika Global Securities (formerly Ashika Credit Capital) allotted 2,00,000 equity shares at Rs. 609 each (premium of Rs. 599) on conversion of warrants to non-promoters Dilip Kumar Minny and Anju Garodia. The company received Rs. 9.13 crore as the balance 75 percent amount. Separately, 16,00,000 warrants were forfeited for non-payment within 18 months. Paid-up capital is now Rs. 73.92 crore (7.39 crore shares).

Likely market impact

Mild dilution from 2 lakh new shares. Forfeiture of 16 lakh warrants lets the company keep about Rs. 2.44 crore paid earlier. Net impact limited.