Ramkrishna Forgings Limited — QIP/Rights/Pref., 14-08-2025: Allotment of Securities
14-08-2025 | 03:49 pm
14-08-2025 | 03:49 pm
Ramkrishna Forgings has allotted 9.75 lakh warrants to Riddhi Portfolio Private Limited, a promoter group entity, at Rs. 2,100 per warrant. This immediately injects Rs. 51.19 Cr into the company, representing 25% of the total issue price. Each warrant gives the promoter the right to convert it into one equity share within 18 months by paying the remaining amount. This move strengthens the company's financial position and signals a potential future increase in promoter holding.
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