Cineline India Limited — QIP/Rights/Pref., 03-02-2025: Allotment of Securities

Cineline India Limited's Board has approved the allotment of 38,46,153 warrants, each convertible into one equity share, at an issue price of ₹29.25 per warrant. The allotment raised approximately ₹11.25 Cr from certain promoter and non-promoter investors. Notably, warrants will exercise within 18 months at a balance price of ₹87.75, bringing the total potential capital raised from this move to around ₹44.99 Cr. The key beneficiaries include promoter Ashish Rasesh Kanakia and non-promoter Utpal Sheth, who received significant warrant allocations.