Announced Thu, 18 Jun · 15:24 IST
Allotment of shares on warrant conversion
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Velox Shipping and Logistics has allotted equity shares to warrant holders who exercised their conversion rights. The board approved the allotment, increasing the company's issued share capital. Warrants were earlier issued, and holders have now converted them into full equity shares as per the original terms.
Likely market impact
Dilution for existing shareholders as new shares are issued, but no fresh cash inflow beyond the warrant exercise price already received.