Kridhan Infra Limited Allots 1.2 Crore Shares Through Preferential Issue
Kridhan Infra Limited announced the allotment of 1,20,00,000 fully paid-up equity shares through a preferential issue, following the exercise of rights attached to warrants. The transaction, detailed in the disclosure released on May 14, 2026, confirmed the successful allotment process after the company received the balance 75% of the issue price from the warrant holders.The equity shares were allotted at a price of ₹4.05 per share, which includes a premium of ₹2.05 per share. Upon conversion of the warrants, the transaction aggregates to ₹4,86,00,000/-.
The preferential issue involved three investors: Shri Bajrang Commodity LLP, Mr. Sanjay Kumar Agrawal, and Mr. Shashwat Agrawal.
The allotment details and financial outcomes are summarized below:
| Detail | Value |
|---|---|
| Number of Allotted Shares | 1,20,00,000 |
| Issue Price per Share | ₹4.05 |
| Premium per Share | ₹2.05 |
| Total Aggregate Value | ₹4,86,00,000/- |
| Number of Investors | 3 |
The allotment of these shares, at ₹4.05 per share, was executed upon the exercise of rights attached to warrants, contingent on the receipt of the balance 75% of the issue price from the respective warrant holders.
KRIDHANINF Stock Price Movement
Shares of Kridhan Infra Limited today slipped by 2.56% in post-market trading, settling at ₹3.02. The stock saw significant activity, recording a total volume of 60,458 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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