As per the filing, the allotment has been made for cash, upon the receipt of the remaining exercise price of Rs. 193.50 per Series A warrant (being an amount equivalent to the 75% of the warrant exercise price of Rs. 258/- per warrant), aggregating to Rs. 712,50,00,111/-. These equity shares allotted on exercise of the warrants, shall rank pari passu in all respects with the existing equity shares, including dividend, if any.
Further, the shareholding of Panatone Finvest Limited after allotment of equity shares upon exercise of Series A Warrants will be 52.45% of the Equity Share Capital.
At around 11:47 AM, Tejas Networks was trading at Rs557.45 apiece up by Rs16.05 or 2.96% on the BSE.
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