Religare Enterprises Ltd Allots 83 Lakh Equity Shares Following Warrant Conversion; Capital Reaches INR 341 Crore
Religare Enterprises Limited announced the successful allotment of equity shares following the conversion of warrants, approved by its Investment, Borrowing & Share Allotment (IB&SA) Committee on June 04, 2026.The company allotted 83,43,263 Equity Shares, each having a face value of Rs. 10/- and issued at a premium of Rs. 225.00/each. This allotment was made to several entities in response to their request for warrant conversion. The total funds received from these conversions amount to INR 147,05,00,104.25 (Rupees One Hundred Forty Seven Crores Five Lakh One Hundred Four and Twenty Five Paise Only).
The amount received represents 75% of the total consideration payable for the 83,43,263 Warrants being converted. The company noted that this payment, combined with 25% of the total consideration received earlier during the warrant allotment, constitutes 100% of the total consideration.
The details of the allotment and the involved allottees are provided in the table below:
| Names of Warrant Holders | Warrants Held | Warrants Applied for Conversion | Amount Received (75% Consideration) | Equity Shares Allotted | Residual Warrants |
|---|---|---|---|---|---|
| The Hindustan Times Limited | 14,89,361 | 4,53,901 | 8,00,00,051.25 | 4,53,901 | 10,35,460 |
| Akhil Dhawan | 8,51,063 | 2,00,000 | 3,52,50,000 | 2,00,000 | 6,51,063 |
| Ashish Dhawan | 53,19,148 | 17,00,000 | 29,96,25,000 | 17,00,000 | 36,19,148 |
| VIC Enterprises Private Limited | 56,73,758 | 34,89,362 | 61,50,00,053 | 34,89,362 | 21,84,396 |
| JM Financial Credit Solutions Limited | 93,61,702 | 25,00,000 | 44,06,25,000 | 25,00,000 | 61,52,482 |
| Total | 2,26,95,032 | 83,43,263 | 1,47,05,00,104.25 | 83,43,263 |
Following the allotment, Religare Enterprises Ltd reported an increase in its issued, subscribed and paid-up Equity Share capital. The capital moved from INR 3,32,89,04,790 to INR 3,41,23,37,420. This new capital consists of a total of 34,12,33,742 fully paid-up Equity Shares with a face value of INR 10/- each.
The company confirmed that the equity shares issued upon conversion shall be fully paid-up and will rank pari passu with existing Equity Shares in all respects, subject to any restrictions imposed by the lock-in period prescribed under applicable regulations.
RELIGARE Stock Price Movement
Religare Enterprises Limited shares slipped on Thursday, shedding 0.77% to settle at ₹230.34. The stock saw a traded volume of 1.14 million shares during the session.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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