Ramkrishna Forgings Capital Structure Change
Promoter Chaitanya Jalan acquired 34,00,000 equity shares of Ramkrishna Forgings Ltd upon the conversion of warrants.
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Promoter Chaitanya Jalan acquired 34,00,000 equity shares of Ramkrishna Forgings Ltd upon the conversion of warrants.
Ramkrishna Forgings Limited allotted 34,00,000 equity shares through a preferential issue at Rs. 588 per share. The transaction raised Rs. 199.92 Crore from a single investor, expanding the paid-up capital.
Ramkrishna Forgings allotted 34,00,000 shares to promoter Mr. Chaitanya Jalan on warrant conversion. The company received Rs.149.94 Crore as balance consideration, raising paid-up capital.
Ramkrishna Forgings Ltd submitted a statutory auditor's certificate confirming receipt of 75% warrant conversion money. Total consideration for this tranche of 335,000 warrants is ₹52.76 Crore.
SMALLCAP World Fund, Inc. sold a 2.54% stake in Ramkrishna Forgings through the open market. Its holding decreased from 7.02% to 4.48%.
Promoter Riddhi Portfolio converted 3,35,000 warrants into equity shares of Ramkrishna Forgings. This increases promoter holding and signals confidence in the company's prospects.
Ramkrishna Forgings allotted 3,35,000 equity shares following the conversion of warrants by promoter Riddhi Portfolio. The company received ₹52.76 Crore as the final warrant exercise price.
Ramkrishna Forgings Limited completed the conversion of 640,000 warrants into equity shares for a promoter entity. The company received the balance 75% consideration of Rs. 100.80 Crore, following the initial 25% application money of Rs. 51.19 Crore. The statutory auditor certified compliance with SEBI ICDR Regulations regarding these preferential allotments.