Simplex Infrastructures Limited has informed the Exchange about General Updates
SIMPLEXINF · price
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Awaiting price reaction for this filing.
Simplex Infrastructures has allotted 8,65,052 equity shares to Quant Money Managers Limited (Quant Mutual Fund – Infrastructure Fund) upon conversion of an equal number of convertible warrants. The conversion was done at ₹28 per share (face value ₹2 + premium of ₹26) after Quant Mutual Fund paid the balance 75% of the consideration. This allotment was approved by the Committee of Directors for Raising Fund on July 21, 2025. The new shares will rank equally with existing equity shares and will be listed on the stock exchanges. Quant Mutual Fund had earlier paid 25% of the warrant price and has now completed the full conversion by paying the remaining amount.
The conversion is a positive signal of institutional confidence, as a marquee investor like Quant Mutual Fund has completed the full investment by paying the balance 75%. However, it also means equity dilution of 8.65 lakh shares, though the funds are already in the company from the earlier 25% payment and the recent balance tranche.