Krsnaa Diagnostics allots 16.21 lakh convertible warrants to promoter group
KRSNAA · price
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Krsnaa Diagnostics allotted 16,21,000 fully convertible warrants at Rs 566 each to promoter Mr. Rajendra Mutha and promoter group entity on a preferential basis. Company received 25 percent upfront, about Rs 22.94 crore. Each warrant converts to one equity share upon payment of balance 75 percent within 18 months. Post-conversion, promoter group holding rises to about 29.70 percent from 27.11 percent. No change in paid-up capital now.
Promoter group stake rises to 29.70 percent on conversion. No immediate change in paid-up capital; possible future dilution if warrants are exercised.