Corporate Action24 Oct 2026, 05:30 pm
ACI Infocom Allots 3.2 Cr Equity Shares, 20.7 Cr Warrants
AI Summary
ACI Infocom Limited announced the outcome of its Board Meeting held on October 24, 2026, detailing the allotment of equity shares and fully convertible warrants. The company allotted 3,20,00,000 Equity Shares for an aggregate amount of ₹4,89,60,000 (₹4.896 Crore). Additionally, 20,70,00,000 Equity Warrants were allotted, with an initial subscription of 25% amounting to ₹7,91,77,500 (₹7.91 Crore). The remaining 75% of the issue price for the warrants, totaling ₹23,75,32,500 (₹23.75 Crore), is payable within 18 months upon conversion. The preferential allotment includes the conversion of two non-promoter investors into promoters post-allotment.
Key Highlights
- ACI Infocom allotted 3.2 crore equity shares for ₹4.896 crore.
- 20.7 crore warrants allotted with 25% upfront payment of ₹7.91 crore.
- Remaining 75% for warrants payable within 18 months.
- Two investors to become promoters post-allotment.
- Board meeting concluded on October 24, 2026.
Price Impact
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