Preferential allotment of 20.77 lakh shares and 18.24 lakh warrants
PATILAUTOM · price
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Patil Automation allotted 20,76,600 shares at Rs 246 each, raising Rs 51.08 crore. It also allotted 18,24,000 convertible warrants at Rs 246 each and received Rs 11.22 crore upfront. Each warrant can convert into one share within 18 months on payment of Rs 184.50. Paid-up capital rose from Rs 21.82 crore to Rs 23.90 crore.
Immediate funds total Rs 62.30 crore. Existing holders' ownership will fall, with further dilution possible if the warrants convert.