Asian Energy Raises ₹92.03 Cr via Warrants Conversion

Asian Energy Services Ltd (AESL) has successfully completed the conversion of warrants, raising ₹92.03 crore through the issuance of 36.63 lakh shares. This follows the preferential allotment of 47,00,000 warrants on November 5, 2024, with each warrant convertible into one equity share at ₹335. The company raised a total of ₹131.03 crore since November 5, 2024, including the upfront subscription amount. The funds will be used to enhance the company’s balance sheet and fund growth opportunities across its verticals. Top subscribers in the conversion include Everest Finance & Investment Company, Ashish Kacholia, and Titagarh Enterprises Ltd.