ALPHA TRIBE

Shah Metacorp LimitedQIP/Rights/Pref., 03-07-2025: Allotment of Securities

03-07-2025 | 10:47 am

Shah Metacorp has announced a board meeting on July 10 to consider the financial results for the quarter and half-year. Recently, the company allotted 1.15 crore equity shares at ₹4.71 each on a preferential basis to three non-promoter investors: Karni Enterprise (65 lakh shares), Savitaben Vaghani (25 lakh), and Bhupendra L Patel (25 lakh). This raised ₹5.42 crore, increasing Karni Enterprise’s stake from 2.5% to 3.42%, while the other two investors now hold 0.37% each. This infusion boosts the company's equity capital from new investors without promoter dilution.

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