Visa Steel allots 1.35 crore shares to promoter group on warrant conversion

Warrants ConvertedFund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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AI summary

VISA Steel allotted 1,35,00,000 equity shares (worth about Rs. 40.5 crore) to promoter group firm VISA Industries Limited, via conversion of warrants at Rs. 40 per share. The balance amount of Rs. 30 per share (75 percent of issue price) was received. Paid-up equity capital rose to Rs. 129.29 crore (12,92,89,500 shares) from Rs. 115.79 crore. Warrants were originally allotted in November 2025.

Likely market impact

Minor dilution as promoter group converts warrants into shares. Signals promoter confidence but increases share count by about 11.7 percent.