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Indostar Capital Finance informs about preferential issue

25 Nov 2025 Evaluate
Indostar Capital Finance has informed that this letter is in furtherance of intimation dated May 26, 2024, with respect to allotment of 1,08,69,565 Warrants to Florintree Tecserv LLP (‘Florintree’) on preferential basis, at an issue price of Rs 184 per Warrant, each convertible into Equity shares of Rs 10 each. In this regard, the Warrant holder has exercised their right for conversion of Warrants into equivalent number of Equity shares and paid balance consideration of Rs 1,49,99,99,970 (Rupee One Hundred and Forty-Nine Crore Ninety-Nine Lakh Ninety-Nine Thousand Nine Hundred Seventy Only) (being 75% of issue price per Warrant) to the Company. Accordingly, the Board of Directors of the Company through circular resolution passed on November 25, 2025, has approved the allotment of 1,08,69,565 Equity shares at an issue price of Rs 184 per share (Rupees One Hundred and Eighty-Four Only) (including premium of Rupees One Hundred and Seventy-Four Only) on preferential basis, pursuant to conversion of Warrants into equivalent number of Equity shares, and enclosed are details of the allottee.

The above information is a part of company’s filings submitted to BSE.

Indostar Capital Fin Share Price

219.75 2.05 (0.94%)
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