1. Allotted 2,17,50,000 (Two Crore Seventeen Lakhs Fifty Thousand Only) Convertible Warrants ('Warrants') entitling the Warrant Holders to exercise option to convert and get allotted one ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Clio Infotech's board has allotted 2,17,50,000 (21.75 crore) convertible warrants to Falcon Peak Fund (CEIC) Ltd, a non-promoter entity, for Rs. 5.44 crore (Rs. 2.50 per warrant). Each warrant entitles the holder to receive one equity share of Rs. 10 face value within 18 months upon payment of the balance 75% of the issue price. The price may be re-computed per SEBI ICDR Regulations. The board also authorized raising funds up to Rs. 100 crore via loans, guarantees, or investments. Ms. Shubhangi Agarwal was appointed as scrutinizer for voting processes.
This preferential allotment to a non-promoter investor will lead to significant dilution of around 21.75 crore new equity shares, potentially expanding the equity base substantially. The Rs. 2.50 issue price versus Rs. 10 face value indicates heavy discounting.