Hi @Nirav8,
The allotment of 1260000 @27.50 is to non-promoters “Gyaneshwar Multitrade Private Limited”, right ?
At least that’s what companies share holding pattern seem to suggest. Would you know what could be rationale to allot shares to non-promoters with only 25% of 3.46 cr. payable at time of allotment and rest at time of conversion (within 18 months) ?
This dilution doesn’t seem to have helped the promoters anyways (cash or increase in promoter holding), unless Gyaneshwar is also part of promoter group and company is giving wrong shareholding pattern.
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