Corporate Action9 Sept 2026, 03:24 pm
Likhitha Infrastructure Allots 25 Lakh Convertible Warrants
AI Summary
Likhitha Infrastructure Ltd has allotted 25,00,000 fully convertible warrants on a preferential basis. The warrants are convertible into an equal number of equity shares of face value ₹5 each. This allotment follows a special resolution passed at the EGM on July 22, 2026, and approvals from NSE and BSE. The company has received 25% of the total consideration, amounting to ₹15 crore. The warrants can be exercised within 18 months at an exercise price of ₹180 per warrant, with the total issue price being ₹240 per warrant, aggregating to ₹60 crore. This allotment does not change the company's paid-up share capital at this stage.
Key Highlights
- Allotment of 25 lakh convertible warrants via preferential issue.
- Warrants convertible into equity shares at ₹180 exercise price.
- Total issue size aggregates to ₹60 crore.
- 25% upfront payment received, totaling ₹15 crore.
- No immediate change in paid-up share capital.
Price Impact
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