ACI Infocom Allots 3.2 Cr Shares, 20.7 Cr Warrants

ACI Infocom Limited has approved the preferential allotment of 3,20,00,000 Equity Shares and 20,70,00,000 Fully Convertible Warrants. The equity shares were allotted upon receipt of 100% of the issue price, aggregating to ₹4,89,60,000 (₹4.90 Crore). The warrants were allotted upon receipt of 25% of the issue price, aggregating to ₹7,91,77,500 (₹7.92 Crore). The remaining 75% for the warrants, ₹23,75,32,500 (₹23.75 Crore), is payable upon conversion within 18 months. The issue price for equity shares is ₹1.53 per share. The allotment includes a reclassification of Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia from Non-Promoter to Promoter & Promoter Group.