Sangam India allots 18 lakh warrants to promoters at Rs 555.56 each
SANGAMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Sangam India allotted 18 lakh warrants to 7 promoter and promoter group entities at Rs 555.56 per warrant, totaling about Rs 100 crore on September 11, 2026. Promoters paid 25 percent upfront (Rs 25 crore); balance 75 percent is due within 18 months, by March 10, 2028. Each warrant converts into one equity share of Rs 10 face value. Promoter holding will rise from 70.52 percent to 71.54 percent on full conversion. No change in equity capital until then.
Promoters deepening stake via warrants; potential dilution of about 1 percent for public shareholders if all warrants convert. No immediate capital change.