Promoter group raises holding to 43.99% after warrant conversion
EMBDL · price
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Embassy Property Developments, a promoter-group entity, converted 32,518,900 warrants into fully paid shares between October 23 and October 30, 2026. The allotment lifted the promoter group's combined holding to 62,59,96,523 shares, or 43.99%, from 42.68% before conversion.
The conversion increases promoter control and slightly dilutes other shareholders. No fresh cash purchase or open-market buying is reported.