Corporate Action25 May 2026, 05:22 pm
HFCL Allots 7.5 Cr Warrants, Raises ₹138.75 Cr
AI Summary
HFCL Ltd has allotted 7,50,00,000 warrants convertible into equity shares on a preferential basis to promoters and promoter group entities, NextWave Communications Private Limited and Satellite Finance Private Limited. The company received ₹138.75 crore, representing 25% of the warrant exercise price. Post allotment, NextWave's shareholding will increase to 14.47% and Satellite Finance's to 2.40%.
Key Highlights
- HFCL allots 7.5 Cr warrants to NextWave and Satellite Finance.
- Company receives ₹138.75 Cr warrant subscription amount.
- NextWave's stake increases to 14.47% post allotment.
- Satellite Finance's stake increases to 2.40% post allotment.
- Warrants are convertible at ₹74 per share.
Price Impact
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