Dynavest India Pvt Ltd, one of the promoter group companies of Max India Ltd (Dynavest), which had remitted Rs 173.4 crore being the full consideration for subscription to 20,00,000 warrants of Rs 867 each with an entitlement to subscribe to four equity shares of Rs 2 each at a premium of Rs 214.75 per equity share, was on August 4 allotted 80,00,000 equity shares on conversion of warrants.
With the allotment the paid up share capital increased to Rs. 52.91 crore and the promoters’ holding increased to 37.03 per cent on the enhanced capital.