Corporate Action1 Jun 2026, 05:31 pm
Akme Fintrade Allots 4.75 Cr Warrants for ₹8.31 Cr
AI Summary
Akme Fintrade (India) Ltd's board approved the allotment of 4,75,00,000 fully convertible warrants to promoter and non-promoter entities on a preferential basis, following shareholder approval and in-principle stock exchange approvals. The warrants, priced at ₹7 each, were allotted upon receiving ₹8,31,25,000, representing 25% of the warrant subscription price. Each warrant is convertible into one equity share at a face value of ₹1 within 18 months, with the balance ₹5.25 to be paid upon conversion.
Key Highlights
- Akme Fintrade allots 4.75 Cr convertible warrants.
- Warrant issue price is ₹7 per warrant.
- ₹8.31 Cr received, representing 25% upfront payment.
- Warrants convertible into equity shares within 18 months.
- Allotment follows shareholder and stock exchange approvals.
Price Impact
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