Xpro India Limited has informed the Exchange about Allotment
XPROINDIA · price
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Awaiting price reaction for this filing.
Xpro India has allotted 2,40,000 equity shares of Rs. 10 each (at a premium of Rs. 965 per share) to Smt. Vanaja Sundar Iyer, a non-promoter public investor. These shares were issued upon conversion of warrants that were originally allotted on January 29, 2024 at Rs. 975 per warrant. The company received Rs. 1,521 lacs as the balance 65% payment towards the warrant exercise price. With this conversion, all 14,35,750 warrants from the January 2024 preferential issue have now been fully paid up and converted. The company's paid-up equity capital has risen to Rs. 23.47 crore, comprising 2,34,70,391 equity shares.
This is a pre-scheduled warrant conversion with no fresh capital raise beyond what was already committed in January 2024. Minor dilution of about 1% has occurred, but since payment has already been received, there is no impact on cash flows. Neutral to mildly positive sentiment as it signals committed investor confidence.