Board approves conversion of 9,97,894 warrants into equity shares

Warrants ConvertedFund Raising View source PDF

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₹118.65

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AI summary

DJ Mediaprint & Logistics board approved conversion of 9,97,894 warrants into equal equity shares at Rs. 114 each (face value Rs. 10, premium Rs. 104). The company received Rs. 8.53 crore as 75 percent balance payment from 5 allottees including promoter Dinesh Muddu Kotian. Paid-up capital rose to Rs. 35.93 crore (3.59 crore shares). About 47.87 lakh warrants are still pending conversion.

Likely market impact

Minor dilution as share count rises; promoter also converting. Further dilution possible from 47.87 lakh pending warrants.