Announced Mon, 31 Aug · 17:20 IST

Trident Lifeline allots 24000 shares on warrant conversion

Warrants ConvertedFund Raising View source PDFExplain this filing

Price

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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹271.50
prior close
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After-mkt
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AI summary

Trident Lifeline has allotted 24,000 equity shares (face value Rs.10) to Ashish Anandsingh Bafna on conversion of 24,000 warrants at Rs.266 per share, receiving Rs.47.88 lakh as the 75% balance payment. Post-allotment, paid-up equity capital rises to Rs.11.95 crore (1,19,57,000 shares of Rs.10 each). New shares rank pari-passu with existing equity.

Likely market impact

Minor dilution from warrant conversion. Paid-up capital rises to Rs.11.95 crore; new shares rank equally with existing equity.