- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Shine Fashions (India) Ltd. has announced a board meeting that approved the allotment of 21,000 equity shares to the promoter Purvi Anil Sanghvi upon conversion of warrants at an issue price of Rs. 207 each (including a Rs. 202 premium). The promoter has paid the remaining 75% amount to exercise the conversion rights. Post allotment, Purvi Anil Sanghvi’s holding rises to 2,71,100 shares, representing 8.95% of the equity capital. This conversion is part of the ongoing preferential allotment to promoters, potentially impacting shareholding structure as further warrants remain to be converted.