Cineline India Limited — QIP/Rights/Pref., 10-12-2024: Preferential issue

Cineline India Limited has approved the issuance of up to 38,46,153 warrants, each convertible into one equity share within 18 months. The warrants will be offered at ₹117 each, aggregating approximately ₹44.99 crore. The subscription price for each warrant is ₹29.25, with an exercise price of ₹87.75. An Extraordinary General Meeting is scheduled for January 8, 2025, to seek shareholder approval for this preferential allotment to members of the promoter group and a non-promoter. This capital raise aims to enhance the company's financial position and support future growth initiatives.