Announced Tue, 14 Jul · 12:59 IST
Warrants converted into 23.04 lakh equity shares at Rs 15.50 each
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Kizi Apparels has allotted 23,04,000 equity shares upon conversion of warrants at Rs 15.50 per share (face value Rs 10, premium Rs 5.50). The company received Rs 2.68 crore as the balance 75 percent exercise price. Allottees include promoter Abhishek Nathani and family along with public category investors. Paid-up capital rose from Rs 7.82 crore to Rs 10.12 crore. Promoter Abhishek Nathani now holds 49.23 percent post-allotment.
Likely market impact
Share count rises by about 29 percent, causing dilution. Promoter Abhishek Nathani remains majority holder at 49.23 percent.