Allotment of 73.86 lakh warrants on preferential basis at Rs 35.20 each
ONIDA · price
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Onida Electronics allotted 73,86,362 warrants convertible into equal equity shares at Rs 35.20 per warrant, aggregating about Rs 26 crore on a preferential basis. Three public-category investors received the warrants: Nexta Enterprises LLP (42.6 lakh), Resonance Opportunities Fund (28.4 lakh), and Aamara Capital (2.8 lakh). The company received 25 percent upfront, about Rs 6.5 crore. Warrants can be exercised within 18 months. No change in paid-up equity capital until conversion.
Potential dilution of about 3.4 percent on full conversion; up to Rs 26 crore inflow if warrants are exercised within 18 months.