Corporate Action27 Oct 2026, 06:21 pm
Advance Multitech Allots 97.25 Lakh Warrants at ₹40 Each
AI Summary
Advance Multitech Limited has approved the allotment of 97,25,000 Fully Convertible Warrants at an issue price of ₹40 per warrant, including a premium of ₹30. The total issue price amounts to ₹38.90 Crore, with 25% (₹9.725 Crore) received upfront. These warrants are convertible into equity shares of face value ₹10 each within 18 months, subject to receipt of the balance consideration. The allotment was approved by the Board on September 1, 2026, members at the AGM on September 28, 2026, and received in-principle approval from BSE on October 12, 2026. The Board passed a resolution for allotment on October 27, 2026. A total of 118 investors participated in this preferential allotment.
Key Highlights
- 97,25,000 warrants allotted at ₹40 each.
- Total issue size ₹38.90 Crore; ₹9.725 Crore received upfront.
- Warrants convertible to equity shares within 18 months.
- Allotment approved by Board, shareholders, and BSE.
- 118 investors participated in the preferential allotment.
Price Impact
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