Corporate Action1 Jun 2026, 05:41 pm
Akme Fintrade Allots 4.75 Cr Convertible Warrants
AI Summary
Akme Fintrade (India) Ltd has allotted 4,75,00,000 fully convertible warrants to promoter and non-promoter entities on a preferential basis. The allotment follows shareholder approval on March 20, 2026, and in-principle approval from BSE and NSE. The company received ₹8,31,25,000, representing 25% of the issue price of ₹7 per warrant. Each warrant is convertible into one equity share within 18 months upon payment of the balance ₹5.25 per warrant.
Key Highlights
- Akme Fintrade allots 4.75 Cr fully convertible warrants.
- Warrants issued at ₹7 each, convertible into one equity share.
- Company received ₹8.31 Cr, 25% of the total warrant value.
- Conversion possible within 18 months upon payment of ₹5.25 per warrant.
Price Impact
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