Deals10 Aug 2026, 07:40 pm
ACI Infocom Approves Preferential Issue of Shares & Warrants
AI Summary
ACI Infocom Limited's Board of Directors has approved a preferential issue of up to 3,20,00,000 equity shares at ₹1.53 per share, aggregating ₹4.89 crore. Additionally, the company plans to issue up to 29,48,00,000 fully convertible warrants at ₹1.53 per warrant, aggregating ₹45.10 crore. These issuances will trigger an open offer obligation for the acquirers, Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia, who will subsequently be classified as Promoters. The board also approved alterations to the company's Memorandum and Articles of Association and an increase in authorized capital from ₹13.5 crore to ₹50 crore.
Key Highlights
- Preferential issue of 3.2 crore equity shares approved.
- Fundraising via 29.48 crore warrants also approved.
- Total potential fundraising exceeds ₹50 crore.
- Proposed issue triggers open offer obligation.
- Authorized capital increased to ₹50 crore.
Price Impact
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