The Warrant holder has the option to convert Equity warrants into equivalent number of fully paid up equity shares of face value of Rs.1/- each, in one or more tranches within 18 months from the date of allotment of warrant, at an issue price of Rs 105/- per Equity Share and is subject to interim adjustments by way of capitalisation of profits or reserves demerger, rights issue or any consolidation/reclassification activities.
As on date, the Pre Issue Shareholding of the Promoter and Non Promoter stood at 68.71% and 31.29% respectively. Post issue the promoter and promoter group shareholding will be 73.41%.
