Allotment of 24,50,000 Equity shares of INR 10/- each at a price of INR 16/- per share comprising of premium of INR 6/- each per share, upon exercise of option for conversion of equity ....

Orient Tradelink Ltd has allotted 24,50,000 equity shares of INR 10/- each at INR 16/- per share (including a premium of INR 6/-), upon conversion of warrants into equity shares. The conversion was triggered after the allottees paid the remaining 75% subscription amount (INR 12/- per warrant). The shares went to 6 non-promoter allottees, with the largest allotments going to Anees Alnasir Gilani (8,00,000 shares) and Sumeet Pal Singh (7,50,000 shares). Post-allotment, the company's paid-up equity share capital has increased from INR 13.16 crore (1.31 crore shares) to INR 15.61 crore (1.56 crore shares). The public shareholding now stands at 99.43%.