Acquisitions20 Mar 2026, 03:21 pm
Rajesh Mehra Acquires 10,00,000 Fully Convertible Warrants in Active Clothing Co Ltd, Resulting in 70.88% Holding
AI Summary
Rajesh Mehra, Renu Mehra, and Kalika Mehra have acquired 400,000, 4,00,000 and 2,00,000 Fully Convertible Warrants respectively in Active Clothing Co Ltd. These warrants are convertible into equity shares of the Company within a period of 18 months from the date of allotment. The acquisition will result in a 70.88% holding of the fully diluted post-issue paid-up capital of the Company.
Key Highlights
- Rajesh Mehra, Renu Mehra, and Kalika Mehra have acquired 400,000, 4,00,000 and 2,00,000 Fully Convertible Warrants respectively in Active Clothing Co Ltd.
- The warrants are convertible into equity shares of the Company within a period of 18 months from the date of allotment.
- The acquisition will result in a 70.88% holding of the fully diluted post-issue paid-up capital of the Company.
- The acquisition is made pursuant to a change in the shareholding percentage of promoters.
- The acquisition is made post conversion, arising from the allotment of convertible warrants.