Trident Lifeline Converts Warrants to Equity Shares and Announces Capital Increase
Trident Lifeline Limited has converted 55,800 warrants into equity shares at ₹266 per share, raising ₹1,11,32,100. The conversion benefits Hardik Desai Family Trust and Ruchi Simlote. The company's new paid-up capital is ₹11,69,78,000, with 1,16,97,800 total equity shares. There are 89,400 warrants still pending conversion.

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Trident Lifeline Limited , a pharmaceutical company, has announced a significant change in its shareholding structure and capital base.
Warrant Conversion
The company has converted 55,800 warrants into equity shares, strengthening its capital base. Key details of the transaction include:
| Aspect | Details |
|---|---|
| Number of Warrants Converted | 55,800 |
| Conversion Price per Share | 266.00 |
| Beneficiaries | Hardik Desai Family Trust and Ruchi Simlote |
| Total Amount Raised | 1,11,32,100 |
| New Paid-up Capital | 11,69,78,000 |
This conversion is part of a larger warrant issue by Trident Lifeline. Each warrant is convertible into one fully paid-up equity share with a face value of 10.00. The conversion price of 266.00 per share includes a premium of 256.00.
Capital Structure Update
Following this conversion, Trident Lifeline's capital structure has been updated:
| Aspect | Details |
|---|---|
| New Paid-up Equity Share Capital | 11,69,78,000 |
| Total Number of Equity Shares | 1,16,97,800 |
| Remaining Warrants Pending Conversion | 89,400 |
Implications
The warrant conversion may indicate confidence in the company's prospects by the Hardik Desai Family Trust and Ruchi Simlote. It also provides additional capital to Trident Lifeline, potentially strengthening its financial position.
The increase in paid-up capital and the number of outstanding shares may have implications for the company's ownership structure and market capitalization.
Investors should note that there are still 89,400 warrants pending conversion, which could lead to further changes in the company's capital structure in the future.
Trident Lifeline Limited will need to file the necessary forms with the Registrar of Companies and other relevant authorities to reflect these changes in its corporate structure.
Investors and stakeholders may want to monitor any subsequent warrant conversions and their potential impact on the company's financial and ownership structure.
Historical Stock Returns for Trident Lifeline
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.33% | -1.64% | -5.57% | +10.05% | +7.10% | +177.39% |
































