Corporate Action13 Apr 2026, 02:25 pm
Athena Global Allots 7 Lakh Warrants to Promoter Group at ₹84/Share
AI Summary
Athena Global Technologies Ltd's Board of Directors approved the allotment of 7,00,000 share warrants, convertible into an equal number of equity shares, to Karthikeya Manchala, a member of the promoter group. The warrants were issued at an issue price of ₹84 per warrant. The company has received 25% of the total consideration, amounting to ₹1,47,00,000, as required by SEBI regulations. This allotment follows shareholder approval at an Extra-ordinary General Meeting held on March 25, 2026, and an in-principle approval from BSE Limited. There is no immediate change in the company's paid-up capital as these are convertible warrants.
Key Highlights
- Board approved allotment of 7,00,000 share warrants.
- Warrants issued to promoter group member Karthikeya Manchala.
- Issue price set at ₹84 per convertible warrant.
- Company received ₹1.47 Cr (25%) of total consideration.
- Warrants convertible into equity shares later, no immediate capital change.
Price Impact
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