Allotment of 60,00,000 Equity Shares by the Security Allotment Committee of the Company on exercise of Warrants by M/s. Plutus Wealth Management LLP .
CHOICEIN · price
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Choice International has allotted 60,00,000 (sixty lakh) equity shares of face value INR 10 each to M/s. Plutus Wealth Management LLP upon conversion of an equal number of warrants. The warrant holder paid the balance 75% of the consideration (INR 225 per warrant), aggregating to INR 135 crores, completing the conversion at the original issue price of INR 300 per warrant. After this allotment, Plutus Wealth Management LLP holds 2.92% of the company's paid-up share capital. The company's total paid-up equity capital has increased to INR 205,65,55,000 comprising 20,56,55,500 shares.
This is a routine warrant-to-equity conversion with no new capital raised beyond what was already committed. The company's share base expands by 60 lakh shares (about 3% dilution), which is mildly dilutive but already priced in. No significant positive or negative impact on existing shareholders.