Corporate Action12 Jun 2026, 05:51 pm
Samyak International Plans Preferential Issue of Shares & Warrants
AI Summary
Samyak International Ltd announced a preferential issue of up to 40,00,000 equity shares and 40,00,000 warrants, each at Rs. 17.00 per share. The total fundraising target is up to Rs. 6.80 Crores for both equity shares and warrants. The warrants are convertible into equity shares within 18 months, with 25% payable upfront and 75% upon exercise. This move is subject to shareholder and regulatory approvals. The company also confirmed a board meeting concluded on June 12, 2026.
Key Highlights
- Preferential issue of 40 lakh equity shares planned.
- Up to 40 lakh warrants to be issued, convertible within 18 months.
- Total fundraising target of Rs. 6.80 Crores for shares and warrants.
- Issue price set at Rs. 17.00 per share/warrant.
- Subject to shareholder and regulatory approvals.
Price Impact
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