Corporate Action11 May 2026, 03:40 pm
Amic Forging: ₹39.95 Mn Equity & ₹216.99 Mn Warrant Issue
AI Summary
Amic Forging Ltd's board approved increasing authorized share capital from ₹12 Crore to ₹15 Crore. They will issue 26,200 equity shares at ₹1525 each, totaling ₹3,99,55,000, to non-promoters via preferential issue. Additionally, up to 14,22,900 warrants convertible into equity shares will be issued at ₹1525 each, aggregating up to ₹216,99,22,500 to non-promoters. Anand Rathi Advisors Limited is the sole advisor for the preferential issue.
Key Highlights
- Amic Forging to increase authorized share capital to ₹15 Crore.
- Company to issue 26,200 equity shares at ₹1525 each.
- Issuance of up to 14,22,900 warrants at ₹1525 each.
- Equity issue aggregates to ₹3,99,55,000.
- Warrant issue aggregates to ₹216,99,22,500.
Price Impact
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