Modern Dairies Capital Structure Change
Modern Dairies Ltd's promoter group increased their stake through the conversion of warrants into equity shares, valued at an aggregate of ₹9.50 Crore.
- Value
- ₹9.50 Cr
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Modern Dairies Ltd's promoter group increased their stake through the conversion of warrants into equity shares, valued at an aggregate of ₹9.50 Crore.
Modern Dairies promoter group Krishan Goyal HUF and Chandigarh Finance converted preferential warrants into 7,00,000 shares at ₹50 each. The conversion totals ₹3.5 Crore, raising promoter stakes.
Modern Dairies promoter group converted 19,00,000 preferential warrants into equity shares. Post-conversion promoter stake rose to 22.36% from 17.44%.
Modern Dairies promoters converted 86,00,000 fully convertible warrants worth Rs.43 Crore into equity shares. Paid-up capital expanded to Rs.31.92 Crore with promoters holding 60.34%.
Modern Dairies allotted 19 lakh shares to Promoter Group upon warrant conversion for Rs. 7.125 Crore. This completes full exercise of all convertible warrants issued earlier.
Modern Dairies promoters converted warrants into equity shares valued at ₹8 Crore. This warrant-to-equity conversion reflects a change in the company's capital structure.
Modern Dairies promoter group increased its stake by 3.75% to 33.40% following the conversion of 1,600,000 warrants into equity shares of the company.
Promoters Krishan Kumar Goyal and Alka Goyal acquired 8,00,000 and 4,00,000 equity shares respectively via conversion of convertible warrants at Rs. 50 per share.
Modern Dairies Ltd allotted 16,00,000 equity shares following the conversion of promoter warrants. This exercise involved a consideration of Rs. 6.00 Crore at Rs. 50 per share.