Rita Finance Allots 6M Convertible Warrants at ₹20

Rita Finance's board approved preferential allotment of 6 million convertible warrants at ₹20 each to 18 non-promoter allottees.
The company received 25% of the issue price (₹5 per warrant) upfront, with the balance 75% payable upon conversion within 18 months.
Post-allotment, major new shareholders include Rajnikant C Shukla HUF, Sellwin Traders, and Mideast Healthcare, each holding 4.94% stakes.
The warrants will lapse if not converted within 18 months, with the upfront payment forfeited by the company.