Sobhagya Mercantile Approves Rs 87.75 Cr Convertible Warrants Issue

Sobhagya Mercantile Limited's Board approved issuing 13,01,000 convertible warrants at Rs 674.49 each (face value Rs 10, premium Rs 664.49) to non-promoters Nova Global Opportunities Fund PCC-Touchstone and Zeal Global Opportunities Fund (6,50,500 each), raising Rs 87.75 crore.

Warrant Conversion Terms

25% upfront payment required at allotment; each warrant converts to 1 equity share within 18 months upon full payment. Subject to EGM approval on April 20, 2026 via VC/OAVM; cut-off April 13, 2026.

Shares of SOBHAGYA MERCHANTILE LTD. was last trading in BSE at Rs. 722.50 as compared to the previous close of Rs. 742.60. The total number of shares traded during the day was 539 in over 37 trades.

The stock hit an intraday high of Rs. 755.95 and intraday low of 707.50. The net turnover during the day was Rs. 391773.00.

Source : Equity Bulls

Keywords

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