Vintage Coffee And Beverages Limited — Important, 14-04-2025: Disclosure of material issue
14-04-2025 · 05:05 pm
The Board of Directors has approved the conversion of 16,00,000 equity warrants into equity shares, allotting them at a face value of ₹10 each for an issue price of ₹25 per share, which includes a premium of ₹15. This transaction will raise ₹3,00,00,000 for the company. The conversion comes from non-promoter investors, with an equal ratio of one equity share allotted for each warrant exercised. This move indicates a confident uptake by investors and strengthens the company’s capital base, which could support future growth initiatives. Investors should potentially view this as a positive signal of increased backing from shareholders, enhancing the company's financial stability.
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