New Delhi, June 25 -- Shares of Hazoor Multi Projects rose on Wednesday's trading session after the company issued 5,27,500 equity shares to two investors, Shilpaben Maheshkumar Shah and Ruturaj Bhalchandra Thakare, through a preferential allotment.

These shares, each with a nominal value of Re 1 and an issue price of Rs.30 (which includes a premium of Rs.29), were issued following the conversion of 52,750 warrants. These warrants were originally allotted at Rs.300 each, with 25% paid in advance, allowing the holders to convert them into an equivalent number of equity shares by paying the remaining 75% within 18 months.

This conversion, which occurred after a subdivision of the company's equity shares, has boosted HMPL's issued and paid...