Corporate Action8 Oct 2026, 08:21 am
Alankit Ltd: Alka Agarwal Acquires 5 Cr Warrants via Preferential Allotment
AI Summary
Alankit Ltd has announced that Alka Agarwal, along with Persons Acting in Concert (PACs), has acquired 5,00,00,000 Fully Convertible Warrants. These warrants are convertible into an equivalent number of Equity Shares of Face Value of Re.1/- each. The acquisition occurred on October 5, 2026, via Preferential Allotment for cash consideration. This transaction results in Alka Agarwal holding 13.57% in warrants, and the total holding of the acquirer group (including shares and warrants) post-acquisition stands at 61.29% of the total diluted share capital.
Key Highlights
- Alka Agarwal and PACs acquired 5 Cr convertible warrants.
- Acquisition was via Preferential Allotment for cash.
- Warrants are convertible into equity shares of Re.1/- each.
- Post-acquisition, total diluted shareholding is 61.29%.
- Alka Agarwal holds 13.57% in warrants post-acquisition.
Price Impact
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