RKFORGE allots 34 lakh warrants to promoter at Rs 588 each
RKFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Ramkrishna Forgings allotted 34,00,000 warrants to promoter Mr. Chaitanya Jalan at Rs 588 per warrant, aggregating Rs 199.92 crore. 25 percent upfront (about Rs 49.98 crore) paid; balance Rs 441 per warrant due on conversion within 18 months. Post full conversion, promoter holding rises from 1.68 percent to 3.48 percent. No change in paid-up capital until conversion happens.
Promoter signals confidence by infusing capital. Potential about 1.8 percent equity dilution only if warrants convert within 18 months.