Akme Fintrade Receives In-Principle Approval for Issue of 12.25 Crore Warrants
Akme Fintrade (India) Limited has received 'In-Principle' approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for the preferential issue of warrants to its promoters and non-promoters. The approval relates to the allotment of warrants, which will subsequently convert into equity shares.The company announced the receipt of the approvals, noting that the issuance of the warrants is scheduled for Promoters and Non-Promoters on a preferential basis.
According to the details provided, the total number of warrants approved for issuance is 12,25,00,000.
The key details of the corporate action are as follows:
| Detail | Description |
|---|---|
| Company | Akme Fintrade (India) Limited |
| Total Warrants Approved | 12,25,00,000 |
| Target Allottees | Promoters and Non-Promoters |
| Basis of Issue | Preferential Allotment |
| Approving Exchanges | National Stock Exchange (NSE) and BSE Limited |
The approvals were received from the National Stock Exchange of India Limited and BSE Limited, confirming the company's ability to proceed with the proposed issuance. The announcement marked the company's next step in its capital raising plans involving the conversion of warrants into equity shares.
AFIL Stock Price Movement
As of 2:17 PM, shares of Akme Fintrade (India) Limited are slipping by 0.22% in live trading, currently trading at ₹9.1. The stock has seen 780,246 shares trade so far today, signaling current market momentum.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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