Allotment of 3500000 Equity Shares pursuant to Conversion of Warrants
FUNDRAISE
▲ Positive Development
LOW RISK
📅 Filed on BSE: 06 Aug 2026, 11:07 AM IST · BSE ID: 666bf93c-b9a0-4197-a53f-1971c1643251
View Original BSE Filing (PDF)
💡
In Simple Terms
Religare Enterprises issued new shares to a promoter group member in exchange for warrant conversions, increasing its total shares.
🤖 AI Summary
- Religare Enterprises allotted 35,00,000 equity shares upon warrant conversion.
- Puran Associates Private Limited, a promoter group entity, converted warrants.
- The company received INR 61,68,75,000 in consideration for the conversion.
- The company's issued share capital increased to INR 3,44,73,37,420.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares Allotted
35,00,000
Face Value per Share
Rs. 10/-
Premium per Share
Rs. 225.00/-
Amount Received (75% of consideration)
INR 61,68,75,000
Total Consideration for Warrants Converted
INR 82,25,00,000
Previous Issued Share Capital
3,41,23,37,420 INR
Current Issued Share Capital
3,44,73,37,420 INR
Number of residual warrants held by Puran Associates Private Limited
39,82,269
🏢 How This Affects the Company
The company's issued and paid-up equity share capital increased by INR 3,50,00,000 (35,00,000 shares x Rs. 10 face value). Total paid-up capital is now INR 3,44,73,37,420.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders. The shares allotted are subject to lock-in provisions as per SEBI ICDR Regulations.
👤
Who Is Affected
Existing shareholders are affected by an increase in the total number of equity shares, diluting their proportionate ownership slightly. The promoter group entity, Puran Associates Private Limited, benefits from the conversion.
🔍
Management Signal
Management is executing on its capital raising and restructuring plans through warrant conversions.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Confirmation of share listing post-allotment
Future warrant conversion announcements
Quarterly financial results updates
LOW RISK
Standard equity dilution from warrant conversion, pre-approved terms.
💡 Investor Takeaway
Religare Enterprises allotted 35,00,000 equity shares on warrant conversion, raising INR 61,68,75,000 and increasing share capital to INR 3,44,73,37,420.
⚖️ Strengths & Concerns
✅ Positives
- Completion of warrant conversion strengthens promoter group's equity stake.
- Company received INR 61,68,75,000 cash inflow from warrant conversion.
📅 Company Track Record
Previously, on June 04, 2026, Religare Enterprises raised INR 1,470.5 Crore via allotment of 83.43 lakh equity shares from warrant conversion.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
How many equity shares did Religare Enterprises allot?
Religare Enterprises allotted 35,00,000 equity shares pursuant to the conversion of warrants.
Who received the newly allotted equity shares?
The shares were allotted to Puran Associates Private Limited, a promoter group entity.
How much funds did Religare Enterprises receive from this warrant conversion?
The company received INR 61,68,75,000 as 75% of the total consideration for the converted warrants.
What is the face value and issue price of the allotted shares?
The equity shares have a face value of Rs. 10/- each and were issued at a premium of Rs. 225.00/- each.
How did this allotment affect Religare Enterprises' share capital?
The issued, subscribed and paid-up Equity Share capital increased from 3,41,23,37,420 INR to 3,44,73,37,420 INR.
Questions based on this BSE filing only. For information purposes.