Archive · 23 Jul 2025
Man Infraconstruction Stock Rebounds After Warrant Conversion Approval
Imagine a company called Man Infraconstruction.
They had some special rights called warrants that could be turned into regular shares of the company.
The company's board decided to let people convert these warrants into real shares.
This conversion happened at a set price.
At first, the stock price went down a little bit but then went back up.
This whole process involved many warrants and a lot of money.
As a result of this, the total number of shares the company has increased.
Man Infraconstruction's board approved converting convertible warrants into equity shares.
The stock price initially dipped but recovered during the trading session.
The conversion involves 15,881,580 warrants into equity shares.
The conversion is at a rate of ₹116.25 per warrant, totaling ₹1,84,62,33,675.
The company's share capital increased after the allotment of new shares.
- Who
- Man Infraconstruction's board of directors.
- What
- Man Infraconstruction approved the conversion of convertible warrants into equity shares.
- When
- The approval and conversion happened on July 22, 2025.
- Where
- On the National Stock Exchange (NSE).
- Why
- To increase the company's share capital and raise funds.
- Stock Symbol
- Man Infraconstruction
- Warrants Converted
- 15,881,580
- Conversion Price
- ₹116.25 per warrant
- Total Amount
- ₹1,84,62,33,675
- Face Value per Share
- ₹2
- Old Share Capital
- ₹77.56 crore
- New Share Capital
- ₹80.73 crore