Vascon Engineers allots 2 crore convertible warrants at Rs 40 each
VASCONEQ · price
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Vascon Engineers allotted 2,00,00,000 convertible warrants on a preferential basis to promoter and non-promoter groups at Rs 40 per warrant (Rs 10 face value plus Rs 30 premium). 25 percent upfront has been received and the remaining 75 percent is payable within 18 months on conversion. Pre-allotment equity share count was 23,16,97,111 shares and fully diluted post-allotment count rises to 25,16,97,111 shares, a potential dilution of about 8.6 percent.
Potential dilution of around 8.6 percent on full conversion; promoter participation signals confidence but lock-in and conversion terms apply.