Alphalogic Industries Allots 3.3 Lakh Shares To Vivaro Loses Subsidiary Status

Allotted 3,30,000 shares at Rs28 to Vivaro Enterprises on warrant conversion, receiving Rs69.3 lakh; paid-up capital rose to 1,05,19,200 shares with 14.7 lakh warrants outstanding; promoter Alphalogic Techsys diluted to 49.57% and company ceased to be its subsidiary. Context: first conversion of 18 lakh warrant issue.