
Corporate Action11 May 2026, 12:02 pm
Apex Capital allots 76 Lakh Equity Shares on Warrant Conversion
AI Summary
Apex Capital And Finance Ltd has allotted 76,00,000 fully paid-up equity shares of ₹10 each upon conversion of 76,00,000 convertible warrants on May 11, 2026. The Securities Committee approved the allotment after receiving requests from warrant holders and confirmation of payment of the balance 75% of the warrant issue price. Following the conversion, the paid-up equity share capital of the company increased from ₹5,91,99,780 to ₹13,51,99,780. All 76,00,000 warrants stand fully converted, and the newly issued equity shares rank pari-passu with existing shares.
Key Highlights
- Apex Capital allotted 76,00,000 equity shares upon warrant conversion on May 11, 2026.
- The conversion resulted in ₹71,25,00,000 received towards the exercise price.
- Post-allotment, the paid-up equity share capital increased to ₹13,51,99,780.
- All 76,00,000 warrants are now fully converted into equity shares.
- New equity shares rank equally with existing shares; no change in company control.
Price Impact
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