Corporate Action6 May 2026, 01:39 pm
Lokesh Machines Allots Shares & Warrants, Raises ₹74.1 Cr
AI Summary
Lokesh Machines Ltd has allotted 13,00,000 equity shares to non-promoters at ₹181.71 per share, aggregating to ₹23.62 Cr. Additionally, the company allotted 27,77,919 convertible warrants to promoters and non-promoters, raising ₹50.47 Cr. Following the allotment, the equity paid-up share capital increased from 19996770 to 21296770 shares. The allotted shares and warrants are subject to lock-in as per SEBI regulations.
Key Highlights
- Lokesh Machines allots 13,00,000 equity shares to non-promoters at ₹181.71 each.
- Company allots 27,77,919 convertible warrants to promoters & non-promoters, raising ₹50.47 Cr.
- Equity paid-up share capital increases to 21296770 shares post allotment.
- Allotted shares and warrants are subject to SEBI mandated lock-in.
- Total funds raised through allotment of shares and warrants is ₹74.1 Cr.
Price Impact
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