Grill Splendour Services Limited — QIP/Rights/Pref., 23-01-2025: Allotment of Securities

The company has announced a board meeting that resulted in the allotment of 34,00,000 Fully Convertible Warrants at an issue price of ₹85.61 (₹75.61 premium per Warrant) on a preferential basis, aiming to raise ₹29.10 crore. Key allottees include Blue Aster Caps Fund and Mr. Ketan Gorania, among others. Each Warrant is convertible into one equity share within 18 months, with an upfront payment of ₹21.41 per Warrant, totaling ₹7.27 crore received so far. Post-allotment, notable shifts in shareholding for allottees are expected, enhancing institutional presence in the company.