Athena Global Technologies Approves Preferential Allotment of 7,00,000 Share Warrants
Athena Global Technologies Ltd. announced on April 13, 2026, that its Board of Directors approved the preferential allotment of 7,00,000 share warrants to Karthikeya Manchala, a member of the promoter group.The board decision finalized the allotment of the warrants convertible into an equal number of equity shares. The issue price set for the warrants is Rs. 84/- per share.
The transaction requires the receipt of 25% of the total consideration, which amounts to Rs. 1,47,00,000/-. The company stated that due to the allotment of these convertible warrants, there will be no change in the paid up capital.
The initial allotment of the warrants was preceded by shareholder approval during an Extraordinary General Meeting held on March 25, 2026.
Allotment Details
The allotment details confirm the following transaction:| Investor Name | Category | Type of Security | Number of Warrants Allotted | Amount Received (Rs.) |
|---|---|---|---|---|
| Karthikeya Manchala | Promoter Group | Warrants | 7,00,000 | 1,47,00,000 |
The Convertible Share Warrants were allotted at a price of Rs. 84/- each, which includes a premium of Rs. 74/- per share. These warrants can be converted into an equal number of fully paid-up equity shares upon the receipt of the remaining consideration within the stipulated period.
Stock Price Movement
As of 14:09, shares of Athena Global Technologies Ltd. are ticking up, currently trading at ₹66.00, which marks a positive gain of +1.54%. Throughout the day, the stock moved within a narrow range, establishing a low at ₹66.00 and peaking at ₹67.68.Source:
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