Corporate Action13 May 2026, 02:18 pm
Clio Infotech Allots 2.17 Cr Convertible Warrants
AI Summary
Clio Infotech Ltd has allotted 2,17,50,000 convertible warrants to Falcon Peak Fund (CEIC) LTD for a consideration of ₹5,43,75,000 on a preferential basis to the ‘Non‐Promoter’ category. Each warrant is convertible into one equity share of face value ₹10 within 18 months. The board also ratified the resolution for the warrant issue due to price re-computation and approved authorization under Section 186 of the Companies Act, 2013 to make loans, give guarantees, provide securities and/or make investments up to ₹100 Crores, subject to shareholder approval.
Key Highlights
- Clio Infotech allotted 2,17,50,000 convertible warrants to Falcon Peak Fund.
- The consideration for the warrants is ₹5,43,75,000.
- Each warrant is convertible into one equity share of face value ₹10.
- Warrants are allotted on a preferential basis to the ‘Non‐Promoter’ category.
- Board approved investments up to ₹100 Crores, subject to shareholder approval.
Price Impact
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