Magson Retail And Distribution Limited — QIP/Rights/Pref., 17-04-2025: Allotment of Securities

Magson Retail and Distribution Limited has announced a board meeting, approving the allotment of 1,06,00,000 convertible equity warrants at ₹93.25 each. This preferential issue, which includes 25% upfront payment totaling ₹24.71 Cr, allows allottees to convert warrants into fully paid-up equity shares within 18 months. Major allotments include 45.75 lakh warrants to United Friends Ventures LLP and 8.5 lakh to Angel Rajesh Francis. As a result, post-conversion, United Friends Ventures would hold approximately 24.8% of the expanded equity base.