Tembo Global Industries Limited — QIP/Rights/Pref., 28-01-2025: Allotment of Securities

Tembo Global Industries has announced an allotment of 19,79,000 equity shares at ₹285 each, raising ₹56.40 cr from non-promoter entities. Additionally, 8,10,000 share warrants were allotted to promoters at the same price, totaling ₹23.08 cr. The warrants have an upfront payment of 25% and can be converted into equity shares at ₹213.75 within 18 months. Both equity shares and warrants are subject to a lock-in period as per SEBI regulations, with funds likely aimed at enhancing capital structure and funding strategic initiatives.