Future Market Networks Converts 30 Lakh Warrants into Shares
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Future Market Networks converts 30 lakh warrants into shares, injecting ₹33.63 million of equity.
- 30 lakh convertible warrants were exercised at ₹11.21 per share, raising ₹33.63 million and issuing the shares to Surplus Finvest Private Limited, a promoter‑group entity.
- The conversion adds ₹30 million to equity capital (face value) and records a ₹3.63 million share‑premium, boosting net worth without new debt.
- The company had already collected ₹2.522 million (25 % of the issue price), strengthening its liquidity.
- 65 lakh warrants remain unexercised, representing a potential future cash inflow of up to ₹73.5 million if fully converted.
- The move consolidates the promoter’s stake and expands the equity base, while leaving room for additional financing through the outstanding warrants.
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