Board Meeting20 Aug 2026, 05:00 pm
Abhinav Leasing Approves Preferential Issue of 6 Cr Warrants
AI Summary
Abhinav Leasing & Finance Ltd announced that its Board of Directors has approved a preferential issue of 6,00,00,000 convertible warrants. Each warrant is convertible into one equity share of face value ₹1 at an issue price of ₹1 per warrant, aggregating to ₹6 crore. The issue is subject to shareholder and regulatory approvals. The warrants will be exercisable within 18 months, with 25% of the issue price payable on application and 75% on exercise. Four investors, all categorized as Promoters, are set to subscribe to the warrants.
Key Highlights
- Board approved preferential issue of 6 crore warrants.
- Total issue size aggregates to ₹6 crore.
- Warrants convertible into equity shares at ₹1 each.
- Issue subject to shareholder and regulatory approvals.
- Four promoter entities are the proposed investors.
Price Impact
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