Religare Enterprises Limited announced the allotment of equity shares following the conversion of warrants by a promoter group entity.
Key Quantitative Figures
- Number of equity shares allotted: 35,00,000 (Thirty-Five Lakh)
- Face value per share: ₹10
- Premium per share: ₹225
- Total issue price per share: ₹235
- Amount received for conversion: ₹61,68,75,000 (Rupees Sixty-One Crores Sixty-Eight Lakhs Seventy-Five Thousand)
- This represents 75% of the total consideration payable for the 35,00,000 warrants being converted
Transaction Details
The allotment was made pursuant to:
1. Receipt of conversion request from Puran Associates Private Limited
2. Receipt of funds amounting to ₹61,68,75,000 (75% of total consideration)
3. Previous receipt of 25% of total consideration at the time of warrant allotment on September 12, 2025
4. Combined payments constitute 100% of total consideration for the 35,00,000 warrants
Share Capital Impact
- Pre-allotment issued, subscribed and paid-up equity share capital: ₹3,41,23,37,420 (34,12,33,742 shares)
- Post-allotment issued, subscribed and paid-up equity share capital: ₹3,44,73,37,420 (34,47,33,742 shares)
- Increase in share capital: ₹3,50,00,000
Warrant Holdings Update
Puran Associates Private Limited held 74,82,269 warrants total
- Warrants applied for conversion: 35,00,000
- Residual warrants remaining: 39,82,269
Share Characteristics
The newly allotted equity shares:
- Are fully paid-up
- Rank pari passu with existing equity shares in all respects
- Are subject to lock-in period as prescribed under SEBI ICDR Regulations
Additional Information
The disclosure includes Annexure A providing detailed information as required by Schedule III of Regulation 30 of SEBI LODR Regulations.
#Tags: #ReligareEnterprises #WarrantConversion #SEBIRegulation30 #PreferentialAllotment #CapitalIncrease #Neutral