Outcome of Board Meeting - Allotment of 1,00,00,000 Equity Shares pursuant to Qualified Institutional Placement
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Credent Global Finance Ltd has allotted 1 crore (1,00,00,000) fully paid-up equity shares of face value ₹2 each at an issue price of ₹30 per share, including a premium of ₹28 per share, raising ₹30 crores in total. The QIP opened on February 17, 2026 and closed on February 19, 2026, with the allotment approved by the Board on the same day. Post-issue, the company's paid-up equity capital rose from ₹10.29 crore to ₹12.29 crore, with the total share count increasing from 5.15 crore to 6.15 crore shares. The shares were allotted to three Foreign Portfolio Investors (FPIs): Al Maha Investment Fund (40%), Minerva Ventures Fund (40%), and Magnifica Global Opportunities VCC (20%).
The company successfully raised ₹30 crore through institutional investors, expanding its equity base by roughly 19%. Dilution for existing shareholders is moderate at about 19%, and the participation of three FPIs suggests institutional confidence, though the share price may see short-term pressure due to supply increase.