Investment24 Sept 2026, 10:04 pm
Abhinav Leasing Proposes ₹6 Cr Preferential Issue for Working Capital
AI Summary
Abhinav Leasing & Finance Ltd announced a proposed preferential issue of convertible share warrants to raise ₹6 crore. The sole object of this issue is to meet the company's working capital requirements. The funds will be utilized progressively after receipt of proceeds from the conversion/exercise of warrants. The filing also details the pre- and post-issue shareholding patterns, indicating a significant shift in the percentage of holdings for promoters and non-promoters post-conversion. Proposed allottees include institutional investors and bodies corporate, with details on their Ultimate Beneficial Ownership (UBO) also provided.
Key Highlights
- Company plans to raise ₹6 crore via preferential issue of warrants.
- Proceeds are earmarked solely for working capital needs.
- Shareholding patterns will change significantly post-warrant conversion.
- Details on proposed allottees and their UBOs have been disclosed.
Price Impact
More from ALFL