Hazoor Multi Projects allots equity shares on warrant conversion

Hazoor Multi Projects announced the allotment of 4,212,000 equity shares, with a face value of INR 1 each, at an issue price of INR 30 each (including a premium of INR 29). This follows the conversion of 421,200 warrants, originally issued at INR 300 each, after adjusting for the sub-division of equity shares. The beneficiaries are non-promoter/public category investors, and the company received INR 94,770,000 (INR 225 per warrant, representing 75% of the issue price). The investors are Donald Ventures Private Limited (212,000 shares), Viney Equity Market LLP (1,000,000 shares), and Nexta Enterprises LLP (3,000,000 shares). The company's issued and paid-up capital now stands at INR 2,291,734,10, comprising 229,173,410 equity shares of INR 1 each. There are now 83,78,500 warrants that have not yet been exercised, and can be converted within 18 months.