Man Infraconstruction Limited — QIP/Rights/Pref., 20-12-2024: Allotment of Securities

Man Infraconstruction Limited has converted 31,01,400 convertible warrants into an equal number of equity shares at an issue price of Rs. 155 per share. This conversion raised Rs. 36.05 Cr, increasing the company's paid-up capital from Rs. 74.44 Cr to Rs. 75.06 Cr. The warrants, previously issued, allow holders to convert their investments into shares by remitting 75% of the issue price within 18 months. Following this allotment, 3,10,06,940 warrants remain outstanding for potential future conversions.