Share Market News: Pritika Auto Shares To Be In Focus As Company Approves Conversion of 12.98 Lakh Warrants

Shares of Pritika Auto will be in focus on Friday as the company has informed exchanges that its board of directors has approved the conversion of 12,98,000 warrants into the same number of equity shares with a face value of Rs 2 each.
“The Board considered and approved the allotment of equity shares on conversion of 12,98,000 warrants into 12,98,000 equity shares of the face value of Rs. 2/- each at an issue price of Rs. 18/- each (including a premium of Rs. 17/- each), to “Non-Promoters/Public Category”, on preferential basis,” the company said in an exchange filing.
Meanwhile, the counter closed at Rs 28.05, down by 2.77 per cent from the previous close of Rs 28.85.
The stock of the company, which has a market cap of Rs 449.89, has a 52-week high of Rs 54.33 and a 52-week low of Rs 16.11.
Meanwhile, the company has declared the financial results for the quarter and year ended March 31, 2024. The company reported Rs 8,254 lakh revenue from operation in the fourth quarter of FY2024 as compared to Rs 7,055.23 lakh in the quarter ended December 31, 2024.