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Dev Labtech Venture plans to raise Rs 17.81 crore via preferential convertible warrants

05-Nov-26   18:41 Hrs IST

Dev Labtech Venture Limited plans to raise Rs 17.81 crore through a preferential allotment of up to 1,37,00,000 convertible warrants to promoter/promoter group and non-promoter investors at a price of Rs 13 per warrant, which is convertible into one equity share with a face value of Rs 5 and a premium of Rs 8. The warrants, with a tenor of 18 months, will be exercisable into equity shares in one or more tranches, and the allotment was approved at an Extraordinary General Meeting on November 5, 2026. Following the allotment, the promoter/promoter group and non-promoter shareholding will stand at 61.64% and 38.36% respectively.

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