ALPHA TRIBE

Centrum Capital LimitedQIP/Rights/Pref., 01-08-2025: Allotment of Securities

01-08-2025 | 02:43 pm

Centrum Capital has approved the allotment of over 7 crore fully convertible warrants to JBCG Advisory Services, a promoter group entity. Each warrant is priced at Rs. 28.52, totaling nearly Rs. 200 crore. The company has already received Rs. 50 crore upfront, with the remaining funds payable upon warrant conversion within 18 months. This strategic move aims to infuse capital into the company. Once warrants are converted, it will significantly increase the promoter group's shareholding, indicating strong confidence in future growth.

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