Crown Lifters Limited — QIP/Rights/Pref., 12-11-2024: Allotment of Securities

Crown Lifters Limited has announced the allotment of 8,76,656 equity warrants, each convertible into one fully paid-up equity share, at an issue price of Rs. 268, with 25% of the total consideration received upfront. The remaining 75% is payable upon conversion. This allotment, approved by the board, includes a diverse group of investors, both from promoters and the public. Following this issuance, the company’s paid-up capital will increase from INR 11.22 crore to INR 12.10 crore. The funds raised are expected to support the company’s growth initiatives.