NIBE Ltd Completes Equity Share Allotment Against Warrant Conversion
Nibe Ltd announced that its Board of Directors allotted 2,40,500 Equity Shares against the conversion of warrants, resulting in an increase in the company's paid-up capital. The allotment was completed on July 14, 2026.The shares were issued to Eminence Global Fund PCC - Eubilia Capital Partners Fund I. This preferential allotment occurred upon the conversion of 2,40,500 warrants originally allotted to the fund. The allocation was made at an issue price of Rs. 1258/- per share and required the receipt of the balance 75% of the subscription money.
The Equity Shares allotted through this warrant conversion rank pari-passu with the company's existing Equity Shares. The allotment involved a single investor.
Key details regarding the equity share transaction are summarized below:
| Particulars | Details |
|---|---|
| Type of Securities Issued | Equity Shares against conversion of warrants |
| Total Securities Issued | 2,40,500 Equity Shares (Face value Rs. 10/-) |
| Allottee Name | Eminence Global Fund PCC - Eubilia Capital Partners Fund I |
| Issue Price per Share | Rs. 1258/- |
Following the completion of this transaction, Nibe Ltd's paid-up Equity Share Capital increased from Rs. 15,26,12,730/- to Rs. 15,50,17,730/-. This total capital consists of 1,55,01,773 fully paid up Equity Shares of Rs. 10/- each.
NIBE Stock Price Movement
Today, shares of NIBE Limited edged higher in the post-market session, concluding at ₹1593.5 after gaining 0.04%. The stock traded within an intraday range spanning from a low of ₹1553.5 to a high of ₹1618, with 97,737 shares changing hands.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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