Dhani Services Limited — QIP/Rights/Pref., 17-03-2025: Allotment of Securities

Dhani Services Limited has announced a board meeting regarding the allotment of 4,50,00,000 convertible warrants to promoter group entities Valerian Real Estate Private Limited and Calleis Infracon Private Limited. Each warrant is issued at an issue price of ₹90.30, reflecting a 60% premium over the current market price. The company has received ₹101.58 crore as subscription money, which is 25% of the total issue price. The warrants are convertible into fully paid equity shares, with the remaining 75% of the issue price due within 18 months for conversion.