Corporate Action15 Sept 2026, 05:50 pm
Alphalogic Techsys Allots 18 Lakh Warrants to Non-Promoter
AI Summary
Alphalogic Techsys Ltd announced the allotment of 18,00,000 convertible warrants to Vivaro Enterprises Limited, a non-promoter entity. Each warrant carries the right to subscribe to one equity share at an issue price of Rs. 30 per warrant, with 25% of the issue price received upfront. The warrants are exercisable within 18 months, and the allotment is subject to SEBI ICDR Regulations. This preferential allotment aims to raise capital and is a significant corporate action for the company.
Key Highlights
- 18,00,000 convertible warrants allotted to a non-promoter.
- Warrants are convertible into equity shares at Rs. 30 each.
- 25% of the issue price received upfront by the company.
- Allotment is a preferential issue under SEBI regulations.
- Warrants have a 18-month conversion period.
Price Impact
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