SG Finserve Ltd. Allots 39.25 Million Shares Following Warrants Conversion
SG Finserve Limited announced the allotment of 39,25,000 equity shares on March 19, 2026, resulting from the conversion of an equal number of warrants. The decision was made by the company's Allotment Committee, which convened a meeting that began at 1:45 p.m. and concluded at 2:15 p.m.The allotment follows the preferential basis allocation of 1,00,00,000 fully convertible warrants announced on October 25, 2024. Shareholders paid ₹337.5 per warrant to cover the remaining 75% of the initial issue price of ₹450 per warrant, generating ₹1,32,46,87,500.The equity shares were allocated to Kitara PIIN 1103 and Rohan Gupta, with Kitara PIIN 1103 receiving 20,00,000...