Allotment of equity shares pursuant to conversion of warrants.
Price
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Vivo Bio Tech Ltd has allotted 7,40,740 equity shares at Rs. 45 per share (face value Rs. 10, premium of Rs. 35) to Antique Infotech Private Limited on conversion of warrants that were originally issued on a preferential basis. The company received Rs. 2.50 crore as 75% of the issue price from the warrant holder. Following this allotment, the total issued and subscribed share capital has risen to Rs. 19.12 crore, comprising 1,91,18,889 equity shares of Rs. 10 each. This represents roughly a 3.9% increase in the share count.
Minor dilution of about 3.9% in equity share count. No fresh cash inflow to the company beyond the Rs. 2.50 crore already received as part warrant money, since this is a conversion of warrants that were already in issue.