Acquisitions28 Oct 2026, 11:54 am
Kuber Udyog Allots Equity Shares and Warrants on Preferential Basis
AI Summary
Kuber Udyog Ltd announced the Board's approval for the allotment of 7,62,85,000 equity shares for cash consideration towards the acquisition of 100% equity shares of Golden Ikon Fleet Management Private Limited, which will become a wholly-owned subsidiary. Additionally, 3,95,50,000 equity shares and 37,00,000 convertible warrants were allotted on a preferential basis to non-promoters. The equity shares were issued at Rs. 23.10 each, and warrants at Rs. 23.10 each, convertible into equity shares.
Key Highlights
- Board approved allotment of 7.62 Cr equity shares for acquisition.
- Golden Ikon Fleet Management to become a wholly-owned subsidiary.
- Allotment of 3.95 Cr equity shares to non-promoters approved.
- 37 Lakh convertible warrants also allotted on preferential basis.
- Equity shares and warrants issued at Rs. 23.10 each.
Price Impact
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