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Emkay Global Financial Services Limited ( (IN:EMKAY) ) just unveiled an announcement.
Emkay Global Financial Services has increased its equity base following the full conversion of 4,15,100 remaining warrants held by promoter Krishna Kumar Karwa into an equal number of shares. The warrants, originally issued as part of a 95,00,000 convertible warrant preferential allotment in October 2025, were converted at a price of Rs.239.50 per share, including a Rs.229.50 premium.
With this conversion, Karwa has now exercised all 12,50,000 warrants allotted to him, and the company’s issued, subscribed and paid-up share capital has risen from Rs.26.72 crore to Rs.27.13 crore, representing an increase of 4,15,100 equity shares. The newly issued shares rank pari passu with existing equity, slightly diluting existing shareholders while reinforcing promoter holding and bolstering the company’s capital structure.
More about Emkay Global Financial Services Limited
Emkay Global Financial Services Limited operates in the financial services industry, offering brokerage, investment banking and related capital markets services to clients in India. The company is listed on both the National Stock Exchange of India and BSE, with equity and debt securities, reflecting a diversified market presence within India’s capital markets.
Average Trading Volume: 1,848
Technical Sentiment Signal: Buy
Current Market Cap: 5.93B INR
For a thorough assessment of EMKAY stock, go to TipRanks’ Stock Analysis page.