Corporate Action8 May 2026, 03:21 pm
Mercury Ev-Tech: Warrants for 4.53 Cr Shares Lapse
AI Summary
Mercury Ev-Tech Ltd announced that 4,53,00,000 fully convertible warrants allotted on a preferential basis have lapsed as the warrant holders did not exercise their option to convert them into equity shares within the stipulated period, which was on or before May 07, 2026. Consequently, the upfront subscription amount of ₹84,93,75,000, representing 25% of the issue price, has been forfeited by the company.
Key Highlights
- 4,53,00,000 warrants lapsed due to non-conversion within the stipulated timeframe.
- The deadline for warrant conversion was May 07, 2026.
- ₹84,93,75,000 upfront subscription amount forfeited by Mercury Ev-Tech.
- Lapsed warrants included those held by both promoters and non-promoter entities.
Price Impact
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