Revised Outcome of Board Meeting held on July 14, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Leading Leasing Finance And Investment Company approved the conversion of 50,00,000 (50 lakh) convertible warrants into an equal number of equity shares of Rs. 1 face value at the conversion price of Rs. 7.40 per share. The company received Rs. 2.775 crore (Rs. 5.55 per warrant being the remaining 75% of the issue price) from the allottees. All 50 lakh warrants were held by Unico Global Opportunities Fund Limited. After this allotment, the company's paid-up equity capital stands increased to Rs. 54.36 crore, comprising 54.36 crore equity shares of Rs. 1 each. The original 12.9 crore warrants were issued on a preferential basis in November 2024, and 2.5 crore warrants still remain pending for conversion.
Existing shareholders face modest dilution of about 0.92% from this tranche (50 lakh new shares vs. 54.36 crore total). However, 2.5 crore additional warrants are still pending conversion, which could lead to further dilution of roughly 4.6% if all are eventually converted. The Rs. 2.775 crore inflow adds to the company's equity base.