RDB Real Estate Constructions Ltd — Others, 19-08-2025: Others

RDB Real Estate Constructions' board has approved the allotment of 89.50 lakh share warrants on a preferential basis. These warrants, priced at Rs 87.15 per share, will aggregate to Rs 156.70 Cr when fully converted. The company has received 25% of this consideration, totaling Rs 19.50 Cr, from promoters and non-promoters. This allotment is part of a larger plan for 1.79 Cr warrants. Warrants can be converted into equity shares within 18 months. Notably, the issue price was re-computed to Rs 87.15 from an initial Rs 36 per share, indicating a significantly higher capital infusion. This move strengthens the company's financial position upon conversion.