Board Meeting for Allotment of Warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Transvoy Logistics India Ltd has allotted 35,86,960 fully convertible warrants at Rs. 100 each (including Rs. 90 premium over Rs. 10 face value) on a preferential basis, aggregating to a total consideration of about Rs. 35.87 crore. The company received 25% upfront (Rs. 8.97 crore), with the remaining 75% payable within 18 months upon conversion into equity shares. Allotments were made to 19 investors — including 2 promoters (Ravindrakumar Joshi and Naitik Joshi, each getting 2,93,480 warrants) and 17 public allottees, with Aumit Capital Advisors being the largest single allottee at 12,50,000 warrants (about Rs. 3.13 crore).
The preferential warrant issue brings in around Rs. 8.97 crore of fresh capital immediately, with up to Rs. 26.9 crore more potentially coming in within 18 months as warrants convert into equity, which will dilute existing shareholders once converted.