Announced Thu, 25 Jun · 15:10 IST
Allotment of 6 lakh equity shares on warrant conversion
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Fruition Venture Ltd allotted 6,00,000 equity shares (face value Rs 10, at Rs 10 premium) on conversion of warrants on preferential basis. Promoters Krishan Kumar Aggarwal and Nitin Aggarwal received 1 lakh shares each, Aayush Aggarwal got 50,000. Seven non-promoters received 50,000 shares each. Equity capital rises from 40 lakh to 46 lakh shares, total capital from Rs 4 crore to Rs 4.6 crore. Shares locked-in per SEBI ICDR regulations.
Likely market impact
About 15 percent dilution on existing base. Promoter participation shows confidence; shares subject to SEBI lock-in.