Aequs Ltd Allots Warrants Worth ₹649.9 Cr

Aequs Limited has approved the allotment of 28,071,690 warrants convertible into equity shares at an issue price of INR 231.55 each, aggregating to INR 6,499,999,819.50 (₹649.99 Crore). The allotment is made to Mellwood Trustee Services Private Limited, acting as trustee for Melligeri Private Family Foundation. A minimum of 50% of the warrant issue price has been paid upfront, with the balance due by December 31, 2027. The company has received in-principle approvals from NSE and BSE for this preferential issue. Upon full conversion, the paid-up equity share capital will increase, and the new shares will rank pari-passu with existing ones.