Promoter group converts 22 lakh warrants, voting stake rises to 71.21%
BONLON · price
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Bon-Lon Securities Ltd and PACs (all promoter group) converted 22,00,000 warrants into equity shares of Bonlon Industries Ltd via preferential allotment. Promoter group voting stake rose to 71.21% of total voting capital (73.05% on fully diluted basis) from around 66.74% earlier. Total share capital increased to Rs. 16.38 crore (1,63,83,358 shares). 75,00,000 warrants remain unconverted.
Promoter confidence signal — promoter holding increased to 71.21%, tightening free float and reducing public participation in the stock.