InterGlobe Finance: Promoter Boosts Stake via Preferential Allotment

Inter Globe Finance Limited, a company listed on BSE Limited and CSE Limited, has witnessed a significant change in its shareholding pattern. Pramod Kumar Jain, a promoter of the company, has increased his stake through a preferential allotment of shares.

Key Details of the Transaction

Aspect	Details
Promoter Name	Pramod Kumar Jain
Transaction Date	November 6, 2025
Shares Acquired	4,87,000
Acquisition Method	Preferential Allotment

Impact on Shareholding

Metric	Before Acquisition	After Acquisition
Shares Held	8,66,625	13,53,625
Shareholding Percentage	7.91%	9.98%

Company Share Capital

Metric	Value
Total Equity Shares	1,35,64,295
Face Value per Share	Rs. 10.00

The preferential allotment has resulted in a notable increase in Pramod Kumar Jain's ownership in Inter Globe Finance Limited. His shareholding has grown from 7.91% to 9.98% of the company's total share capital, representing an increase of 2.07 percentage points.

This transaction underscores the promoter's confidence in the company's prospects and aligns with the practice of preferential allotments, which are often used by companies to raise capital or allow existing shareholders to increase their stakes.

Investors and market watchers may want to take note of this development, as changes in promoter shareholding can sometimes influence market perception and the stock's performance. However, it's important to consider this information alongside other financial and operational metrics when evaluating the company's overall position.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.99%	-7.74%	+0.21%	+22.88%	-26.65%	+1,800.00%

Inter Globe Finance Limited has announced a significant corporate action, approving the allotment of 26,12,000 equity shares through the conversion of convertible warrants. This move represents a crucial step in the company's capital structure and fundraising efforts.

Key Details of the Allotment

Particulars	Details
Number of Shares Allotted	26,12,000
Face Value per Share	10.00
Issue Price per Share	46.50
Total Funds Raised	9,10,93,500.00
Allotment Type	Preferential Allotment

Investor Breakdown

The allotment was made to both promoters and non-promoters, as detailed below:

Investor Name	Category	Shares Allotted	Subscription Amount (Rs.)
Manju Jain	Promoter	10,00,000	3,48,75,000.00
Pramod Kumar Jain	Promoter	4,87,000	1,69,84,125.00
Vijay Kumar Jain	Non-Promoter	7,00,000	2,44,12,500.00
Ravi Jain HUF	Non-Promoter	3,75,000	1,30,78,125.00
Vikash Kedia	Non-Promoter	50,000	17,43,750.00

Warrant Conversion History

This allotment marks the third tranche of conversions from the original 76,60,000 convertible warrants issued by InterGlobe Finance. The company's warrant conversion timeline is as follows:

February 21, 2024: Initial issuance of 76,60,000 convertible warrants
August 14, 2024: First tranche conversion of 21,35,000 warrants to equity shares (Non-promoters)
October 16, 2025: Second tranche conversion of 19,95,000 warrants to equity shares (Promoters & Non-Promoters)
November 6, 2025: Current tranche conversion of 26,12,000 warrants to equity shares

Regulatory Compliance

The allotment was made in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has received the necessary in-principle approval from the BSE (Approval No. LOD/PREF/AB/FIP/275/2024-25 dated May 15, 2024) for the allotment of these convertible warrants.

Next Steps

The board has authorized Managing Director Navin Jain (DIN: 01197626) and/or the Company Secretary to file the necessary application with the BSE for listing of the newly allotted shares and to complete other required formalities with the Ministry of Corporate Affairs (MCA).

This equity share allotment through warrant conversion demonstrates InterGlobe Finance's ongoing efforts to strengthen its capital base and potentially fund future growth initiatives.