Warrant issue terms unchanged; allottee name corrected to Meena Gupta
GPIL · price
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Godawari Power and Ispat corrected an earlier filing to replace Sanjay Gupta with his wife Meena Gupta as a proposed recipient of preferential convertible warrants. The proposed issue remains up to 2,04,08,220 warrants at Rs 245 each, raising about Rs 500 crore from seven investors. Each warrant converts into one equity share within 18 months. No other term was changed.
Terms are unchanged. If all warrants convert, promoter-group ownership dips from 63.51% to 63.05%, while public ownership rises from 36.49% to 36.95%.