Investment29 Apr 2025, 07:41 pm
Avance Technologies Ltd. Approves Fund Raising of up to Rs. 25 Crores Through Preferential Allotment of Convertible Equity Warrants
AI Summary
Avance Technologies Ltd. has approved a fund raising of up to Rs. 25,00,00,000 through preferential allotment of convertible equity warrants. The Board is yet to finalize the potential allottees and the terms of the issue. The warrants will be convertible into equity shares within a period of 18 months from the date of allotment. The application money will be forfeited in case of lapse of the tenure of the instrument.
Key Highlights
- Avance Technologies Ltd. approved fund raising of up to Rs. 25 Crores
- Fund raising through preferential allotment of convertible equity warrants
- The Board is yet to finalize the potential allottees and the terms of the issue
- Warrants will be convertible into equity shares within 18 months from the date of allotment
- Application money will be forfeited in case of lapse of the tenure of the instrument