Caprihans India Limited has informed the Exchange about Redemption of Preference Shares
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Caprihans India redeemed 78,00,000 (0.1% Non-Cumulative) Redeemable Preference Shares of ₹10 each, totalling ₹7.80 Crores. This reduced the company's preference share capital. Separately, the company allotted 5,20,000 equity shares of ₹10 each (with ₹190 premium) to promoter Bilcare Limited upon conversion of an equal number of warrants, raising ₹10.40 Crores in total. Bilcare's holding increased from 59.56% to 60.84% post-allotment. The equity share capital rose from ₹15,91,39,710 to ₹16,43,39,710.
Preference share redemption reduces financial obligations while warrant conversion increases promoter stake to 60.84%, which may be viewed neutrally by the market as it dilutes minority shareholders slightly.