As per Attachment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajvi Logitrade has allotted 30.74 lakh equity shares after warrant holders paid part consideration and exercised their conversion right. Shares were issued at Rs. 10 each, raising about Rs. 3.07 crore on a preferential basis. Allottees include promoter group entities (around 52% of this tranche) and non-promoters, with Polus Global Fund (a QIB) receiving 9.93 lakh shares. This is part of the 86.90 lakh warrants the company had issued in March 2024, and roughly 35% of those warrants have now been converted. Post-allotment, the paid-up equity capital has risen to Rs. 4.07 crore, comprising 40.74 lakh shares of Rs. 10 each.
Existing shareholders face dilution as the share count grows from 10 lakh to 40.74 lakh shares. Polus Global Fund emerging with a 24.38% stake is a notable development, and promoter group's increased holding signals insider confidence in the company.