Centrum Capital converts 2.72 mn warrants into shares, raising capital
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Centrum Capital converts 2,72,50,000 warrants, raising ₹58.28 crore and lifting the promoter’s stake to 39.44%.
- Centrum Capital Limited approved conversion of 2,72,50,000 warrants into ordinary shares at ₹28.52 each; promoter‑group JBCG Advisory Services Pvt Ltd paid ₹58.28 crore, covering 75 % of the issue price.
- Paid‑up equity rises to ₹48.68 crore, now represented by 48,68,29,194 fully paid‑up shares; promoter ownership climbs from 35.85 % to 39.44 %.
- 4,28,76,225 warrants remain exercisable, posing a future dilution risk; the transaction fetched a premium of ₹27.52 per share, signalling strong valuation perception.
- The cash boost strengthens working capital, giving the company flexibility for strategic projects or debt reduction, while the intra‑group nature leaves the broader shareholder composition unchanged.
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