Onida discloses valuation report and revised shareholding for warrant conversion

Onida Electronics obtained a valuation report from a registered valuer for converting Convertible Equity Share Warrants into equity shares. The company also revised its post-issue shareholding pattern to include 3.10 crore ESOPs that were missed earlier. Post-issue, total shares will rise from 36.94 crore to 41.92 crore, with promoter holding dipping from 40.51% to 35.70%. 13 allottees including individuals, LLPs, and a foreign fund (Resonance Opportunities Fund) will receive shares. There will be no change in control or board composition.