Board approves 16.45 lakh warrants to promoters at Rs 152 each
CPCAP · price
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CP Capital board approved issuing up to 16,45,000 fully convertible warrants to promoter and promoter group at Rs 152 per warrant, aggregating about Rs 25 crore. Tenor is 18 months, with 25% payable upfront and 75% on conversion. All 10 allottees belong to promoter or promoter group. Subject to shareholder approval at EGM on Nov 2, 2026.
Promoters infusing capital signals confidence. Warrants may dilute holdings upon conversion. Awaiting shareholder approval.