Arihant Capital Markets Raises Rs 25.69 Crore Through Warrant Conversion
Arihant Capital Markets Limited has converted 50,00,000 warrants into equity shares, raising Rs 25.68,75,000 from two promoter group entities. The conversion price was set at Rs 68.50 per share. Ashok Kumar Jain HUF and Arpit Jain HUF each received 25,00,000 shares, resulting in a 2.28% stake for each entity post-conversion. This move strengthens the promoter group's position and provides fresh capital for the company's potential expansion or debt reduction efforts.

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Arihant Capital Markets Limited , a prominent player in the Indian financial services sector, has successfully completed a significant corporate action, bolstering its capital structure through a preferential allotment of equity shares.
Key Details of the Preferential Allotment
The Preferential Allotment Committee of Arihant Capital Markets Limited has approved the conversion of 50,00,000 warrants into equity shares. This move has resulted in a capital infusion of Rs 25.68,75,000 (approximately Rs 25.69 crore) from two promoter group entities. Here are the key details of the allotment:
| Particulars | Details |
|---|---|
| Number of Warrants Converted | 50,00,000 |
| Conversion Price | Rs 68.50 |
| Total Capital Raised | Rs 25,68,75,000 |
| Allottees | Ashok Kumar Jain HUF and Arpit Jain HUF |
| Shares Allotted to Each Entity | 25,00,000 |
| Post-Conversion Shareholding of Each Entity | 2.28% |
Impact on Shareholding Structure
The preferential allotment has led to changes in the company's shareholding pattern:
Promoter Group Stake: The allotment to Ashok Kumar Jain HUF and Arpit Jain HUF, both promoter group entities, indicates a strengthening of the promoter's position in the company.
Equity Dilution: While the conversion of warrants into equity shares increases the total number of outstanding shares, it also brings in fresh capital for the company.
Individual Shareholding: Both Ashok Kumar Jain HUF and Arpit Jain HUF now hold 2.28% each of the company's equity post this conversion.
Implications for Arihant Capital Markets
This corporate action carries several implications for Arihant Capital Markets:
Capital Infusion: The Rs 25.69 crore raised through this warrant conversion provides the company with additional capital, which can be utilized for various purposes such as expansion, debt reduction, or strengthening the balance sheet.
Promoter Confidence: The participation of promoter group entities in this preferential allotment may be seen as a sign of confidence in the company's future prospects.
Regulatory Compliance: The company has adhered to the regulatory requirements, including obtaining necessary approvals from stock exchanges and shareholders for this preferential allotment.
Investors and market participants will likely keep a close watch on how Arihant Capital Markets utilizes this fresh capital infusion and its impact on the company's future growth strategies.
Historical Stock Returns for Arihant Capital Markets
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.75% | -2.61% | -4.10% | +35.91% | -8.82% | +286.05% |








































