Indian Terrain Fashions Limited — QIP/Rights/Pref., 31-03-2025: Allotment of Securities

Indian Terrain Fashions Limited has announced a board meeting to allot 49,48,537 convertible warrants, approved previously by shareholders. Each warrant, convertible into one equity share at an issue price of Rs. 50.52, has generated an upfront payment of Rs. 18.70 Crore from investors. The total potential capital from this issuance could reach Rs. 25.00 Crore. The warrants will be locked for a specified period and can be exercised within 18 months. This strategic move aims to bolster the company's equity base, fostering future growth, and may positively influence investor sentiment by demonstrating proactive capital management.