Allotment of 33,33,333 shares on warrant conversion to Plutus Wealth
CHOICEIN · price
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Choice International allotted 33,33,333 equity shares to Plutus Wealth Management LLP upon conversion of warrants at INR 300 per share. Balance 75 percent consideration of about INR 75 crores received. Plutus stake now rises to 4.47 percent from 2.92 percent, with 93,33,333 shares. Total paid-up equity capital stands at about INR 209 crores across 20.89 crore shares. About 1.38 crore warrants still pending conversion.
Dilution of about 1.6 percent for existing shareholders. Plutus stake up to 4.47 percent. More warrant conversions expected, leading to further dilution ahead.