Promoter group converts remaining 1.02 crore warrants into equity shares
BAGFILMS · price
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B.A.G Films and Media allotted 1,02,00,000 equity shares to promoter group firm Skyline Tele Media Services on conversion of the remaining warrants from the 2,00,00,000 warrants issued on March 19, 2026. Issue price is Rs. 8.25 per share, including a Rs. 6.25 premium. STMSL paid Rs. 6.31 crore as the 75 percent balance consideration. Promoter group holding rises from 49.37 percent to 51.74 percent. Total share count rises to 21,79,18,090 shares from 20,77,18,090 shares. Allotment is on a preferential basis.
About 4.9 percent equity dilution, with promoter holding rising to 51.74 percent, strengthening promoter control of the company.