SG Finserve Capital Structure Change
SG Finserve Ltd issued 1 crore equity shares following the conversion of warrants. Additionally, the promoter group expanded following a gift of 1.55 million shares.
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SG Finserve Ltd issued 1 crore equity shares following the conversion of warrants. Additionally, the promoter group expanded following a gift of 1.55 million shares.
SG Finserve reported that warrants held by promoter Rohan Gupta were converted into equity shares. The credit of these shares to demat accounts is currently under process.
SG Finserve Limited has allotted 6,27,778 equity shares following the conversion of an equivalent number of warrants. The company received ₹21.19 Crore as the balance 75% payment for these shares. Consequently, the company's paid-up capital has increased to ₹65.90 Crore.