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Kranti Industries capital structure change announcements

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12:54 IST BSE
Capital Structure ChangeKranti Industries Ltd 542459

Kranti Industries Capital Structure Change

Kranti Industries Ltd converted 12,50,000 warrants held by Evolution Capital Advisory Services into equity shares, raising ₹7.5 Crore in balance consideration. The remaining 2,50,000 warrants lapsed after the 18-month exercise period, resulting in the forfeiture of ₹50 Lakhs upfront payment. This marks the conclusion of the company's 2024 warrant issuance cycle.

Value
₹7.50 Cr
Execution
18 months