Corporate Action27 Oct 2026, 06:00 pm
Advance Multitech Allots 97.25 Lakh Warrants at ₹40 Each
AI Summary
Advance Multitech Ltd has approved the allotment of 97,25,000 Fully Convertible Warrants at an issue price of ₹40 per warrant to non-promoter investors. The total issue size is ₹38.90 Crore, with 25% (₹9.72 Crore) received upfront. Each warrant is convertible into one equity share of face value ₹10 within 18 months, subject to payment of the balance consideration. This move aims to raise capital and potentially dilute existing shareholding.
Key Highlights
- 97.25 Lakh warrants allotted to non-promoters.
- Issue price fixed at ₹40 per warrant.
- ₹9.72 Crore received as upfront payment (25%).
- Warrants convertible to equity within 18 months.
- Total issue size amounts to ₹38.90 Crore.
Price Impact
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