AGS Transact Technologies Reports Lapse and Forfeiture of Convertible Warrants
AGS Transact Technologies Limited has reported the lapse and subsequent cancellation of a substantial portion of its convertible warrants, leading to the forfeiture of the upfront amounts received from the warrant holders.The company initially allotted 2,01,09,100 convertible warrants on August 14, 2024. These warrants were issued at a price of Rs. 79.25 per warrant, which included a premium of Rs. 69.25. The warrants are convertible into an equivalent number of equity shares, each having a face value of Rs. 10.In accordance with the terms of issue, the warrant holders were entitled to exercise their conversion option within an 18-month period, which...