ALPHA TRIBE

Hubtown LimitedQIP/Rights/Pref., 25-07-2025: Allotment of Securities

25-07-2025 | 02:56 pm

Hubtown's Board has approved the allotment of 1,581,747 new equity shares to Khilen Vyomesh Shah, a member of the promoter group. These shares result from the conversion of warrants, originally issued at Rs. 220 each. The company has received Rs. 26,09,88,255 (approx. Rs. 26.10 Cr) as the final 75% payment for these conversions. This move increases Hubtown's paid-up capital, signaling further investment and strengthening the promoter's stake in the company.

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