Corporate Action21 May 2026, 07:01 pm
Akme Fintrade Allots 7.5 Cr Warrants for ₹13.125 Cr
AI Summary
Akme Fintrade (India) Ltd's board approved the allotment of 7.5 crore fully convertible warrants to promoters and non-promoters on a preferential basis, following shareholder approval and in-principle stock exchange approvals. The company received ₹13.125 crore, 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 remaining ₹5.25 per warrant.
Key Highlights
- Akme Fintrade allots 7.5 Cr convertible warrants at ₹7 each.
- Company receives ₹13.125 Cr, 25% of warrant issue price.
- Warrants convertible into equity shares within 18 months.
- Allotment includes both promoter and non-promoter categories.
Price Impact
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