Corporate Action14 Jul 2026, 06:40 pm
Nakoda Group Allots 52 Lakh Warrants at ₹28 Each
AI Summary
Nakoda Group of Industries Ltd announced the allotment of 52,00,000 convertible warrants on a preferential basis. The issue price for each warrant is ₹28, with 25% of the issue price, amounting to ₹7 per warrant, paid upfront. This allotment follows a special resolution passed by the company's members and in-principle approvals from BSE Ltd and NSE. The board meeting where this was transacted was held on July 14, 2026.
Key Highlights
- 52,00,000 convertible warrants allotted on preferential basis.
- Issue price set at ₹28 per warrant.
- 25% of the issue price (₹7) paid upfront.
- Allotment approved by the Board of Directors.
- Special resolution and stock exchange approvals obtained.
Price Impact
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