Allotment of 13,38,000 Equity Shares pursuant to conversion of warrants into Equity Shares thriugh Preferential Basis.
Price
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Bizotic Commercial Ltd has allotted 13,38,000 equity shares following the conversion of warrants into equity shares on a preferential basis. This means warrant holders chose to convert their warrants into actual shares, increasing the company's issued share capital. The full document details were not accessible as the BSE page had been moved, so specific pricing and allottees cannot be confirmed from the source.
Existing shareholders may see a modest dilution of their stake due to the new shares being issued. The conversion itself signals that warrant holders found the exercise price attractive enough to convert, which can be mildly positive for the stock.