Corporate Action4 Nov 2026, 11:52 am
Abhinav Leasing Allots 6 Cr Warrants for ₹6 Cr
AI Summary
Abhinav Leasing & Finance Ltd announced the revised 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 on a preferential basis. The issue price is ₹1.00 per warrant, aggregating to a total consideration of ₹6,00,00,000 (Rupees Six Crores only). These warrants are convertible into an equivalent number of fully paid-up equity shares.
Key Highlights
- Board approved allotment of 6 crore convertible warrants.
- Warrants issued to Non-Promoter Entities.
- Total consideration for warrants is ₹6 Crore.
- Issue price per warrant is ₹1.00.
- Allotment is on a preferential basis.
Price Impact
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