Corporate Action3 Nov 2026, 12:35 pm
Abhinav Leasing Allots 6 Cr Warrants for ₹6 Cr
AI Summary
Abhinav Leasing & Finance Ltd announced the outcome of its Board Meeting held on November 3, 2026. The board approved the allotment of 6,00,00,000 (Six Crores) unlisted convertible warrants to Non-Promoter Entities. The warrants are to be issued on a preferential allotment basis for a cash consideration aggregating up to INR 6,00,00,000 (Rupees Six Crores only). Each warrant is convertible into one fully paid-up equity share of face value Rs. 1/- at an issue price of INR 1.00 per warrant. The allotment is in compliance with SEBI ICDR Regulations and other applicable laws.
Key Highlights
- Board approved allotment of 6 crore convertible warrants.
- Total fundraise of ₹6 Crore via preferential allotment.
- Warrants to be issued to Non-Promoter Entities.
- Each warrant convertible into one equity share.
- Allotment price fixed at ₹1.00 per warrant.
Price Impact
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