Allotment of 27,75,000 Equity shares to Non Promoter Group of the Company upon conversion of share warrants.
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RDB Real Estate Constructions Limited has allotted 27,75,000 equity shares (face value Rs. 10 each) to nine non-promoter allottees upon conversion of share warrants. The warrants were converted at Rs. 87.15 per share (including a premium of Rs. 77.15), bringing in Rs. 18.14 crore as the balance 75% of the issue price. This is part of a larger preferential allotment of 1,78,30,000 warrants originally issued in August 2025. Following this conversion, the company's paid-up equity capital has risen to Rs. 20.06 crore, comprising 2,00,58,400 equity shares. The newly allotted shares will rank equally with existing shares. About 1,50,55,000 warrants are still pending conversion and can be exercised within 18 months from the original date of allotment.
The company has received Rs. 18.14 crore of fresh capital, which can be deployed for business growth. However, shareholders should note that an additional 1,50,55,000 warrants remain pending conversion, meaning further dilution is possible in the coming months. The stock may see mild pressure if the market views the incremental supply negatively, though the actual cash inflow is positive for the company.