Cellecor Gadgets Allots 1.48 Crore Shares After FCCB Conversion

Cellecor allotted 14.81 million equity shares at INR 29 each after conversion of USD 4.5 million of its 2% unsecured FCCBs due 2031. Paid-up capital increased to INR 237.14 million, while outstanding FCCBs fell to USD 28 million; the issuance implies approximately 6.2% dilution of post-allotment equity.