Aequs board approves INR 650 Cr warrant issue to promoter entity
AEQUS · price
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Aequs board approved a preferential issue of up to 28.07 million warrants at INR 231.55 each to promoter Mellwood Trustee Services (trustee of Melligeri Private Family Foundation), aggregating about INR 650 crore. Minimum INR 325 crore to be paid upfront, balance on conversion by December 2027. Issue price set at SEBI floor price based on 90-day and 10-day VWAP. Promoter holding will rise from 59.09% to 60.73% after conversion. EGM on October 22, 2026 for shareholder approval.
Promoter is infusing about INR 650 crore, showing confidence in the company. No change in control. Minor dilution risk for public shareholders on warrant conversion.