New Delhi, March 9 -- Bhatia Communications & Retail, a small-cap stock with a market capitalisation of around Rs.285 crore, informed investors through an exchange filing that the company's board of directors, at its meeting held on Monday, March 9, approved the allotment of equity shares upon the conversion of warrants.

The company said it has allotted 1.05 crore equity shares with a face value of Rs.1 each at an issue price of Rs.23.75 per share, including a premium of Rs.22.75 per share, following the conversion of 1.05 crore warrants. The allotment was made to members of the promoter group and Mauritius-based FII Forbes EMF, in accordance with applicable regulations.

Forbes EMF is a Mauritius-based Foreign Institutional Investor (FI...