07-Sept-2026 15:24:19
TIRUPATIFLGeneral news
TIRUPATIFL : BOARD APPROVES ALLOTMENT OF CONVERTIBLE WARRANTS WORTH RS 214.6 CR
• Allotment of 37,00,000 convertible equity warrants at Rs 58 per warrant approved by the board. • Total issue aggregated to Rs 214.6 crore, representing 25% upfront consideration from Promoters and Promoter Group. • Warrants are convertible into fully paid-up equity shares of Rs 2 face value, at a premium of Rs 56 per warrant. • Allotment is on a preferential basis as per SEBI regulations, exercisable within 18 months. • Allottees include Chetna Mukeshbhai Thumar, Bhargvi Manojbhai Thummar, Hiteshkumar Godhanbhai Thummar.
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