Amic Forging Allots Equity Shares and Convertible Warrants

Amic Forging Ltd announced the allotment of 26,200 equity shares and 14,22,900 convertible warrants on a preferential basis. The equity shares were allotted at a price of ₹1525 each, aggregating to ₹3,99,55,000. Additionally, 14,22,900 convertible warrants were allotted at a price of ₹1525 each, aggregating to ₹216,99,22,500. A portion of the warrant issue price, ₹381.25 per warrant, totaling ₹5,24,80,625, has been received from the allottees. These warrants are convertible into equity shares within 18 months.