Swastika Investmart Capital Structure Change
Swastika Investmart Limited announced that its previously allotted 90,50,000 convertible equity share warrants will now trade under the new ISIN INE691C13027.
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Swastika Investmart Limited announced that its previously allotted 90,50,000 convertible equity share warrants will now trade under the new ISIN INE691C13027.
Swastika Investmart Limited allotted 90,50,000 convertible share warrants on a preferential basis. The company received an upfront payment of ₹14.40 Crore, representing 25% of the total consideration.
Swastika Investmart Limited allotted 90,50,000 convertible share warrants at Rs.63.64 each. The company received an upfront payment of Rs.14.40 Crore representing 25% of the total consideration.
Swastika Investmart received BSE in-principle approval for issuing 90.5 lakh warrants. These convert into equity shares at a minimum price of ₹63.64 per warrant.
Swastika Investmart Ltd will issue 9.05 million convertible warrants at ₹63.64 each, raising approximately ₹57.59 Crore via preferential allotment. This issuance was approved at the company's recent EGM.
Swastika Investmart is issuing up to 90.50 lakh convertible warrants via preferential allotment, aggregating to ₹57.59 Crore. This capital infusion will strengthen the company's financial structure.
Yogita Gandhi acquired a 7.46% stake in Swastika Investmart Limited via the open market. This substantial non-promoter acquisition was disclosed under SEBI SAST Regulations.