Promoter entity allotted 82.94 lakh convertible warrants via preferential issue
PIRAMALFIN · price
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Nithyam Realty Private Limited, a promoter group entity of Piramal Finance, was allotted 82,94,000 convertible warrants through a preferential allotment on October 5, 2026. The promoter group currently holds 10,46,35,805 equity shares, which is 44.22% of the share capital and 44.31% of voting rights. If all warrants are converted, promoter holding would rise to about 47.70% on a diluted basis. Diluted share capital will increase from 23.66 crore to 24.49 crore shares upon conversion.
Shows promoter group confidence and continued capital infusion. Warrant conversion would lift promoter stake closer to 50% and dilute other shareholders by 3.39%.