Manba Finance allots shares and warrants worth about Rs 90 crore
MANBA · 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 approved 4,259,272 new shares at Rs 135, including a Rs 125 premium, for 13 non-promoter investors, bringing Rs 57.50 crore. It also approved 2,407,223 warrants at Rs 135 for two promoters, worth Rs 32.50 crore. Total issue value is Rs 89.99 crore. Warrants need 25 percent upfront and convert into one share each within 18 months. The share count rises from 50.24 million to 54.50 million, reaching 56.91 million after full conversion.
Adds about Rs 90 crore in subscribed securities; share count rises 8.5 percent now and up to 13.3 percent after conversion, diluting holders.