Akme Fintrade allots 4.75 crore convertible warrants at Rs 7 each
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Akme Fintrade has allotted 4,75,00,000 fully convertible warrants at Rs 7 per warrant on a preferential basis to 8 non-promoter allottees, including individuals, Akme Finnova Advisors LLP, Finmen Advisors, and Anish Dhing HUF. The company received Rs 8.31 crore as 25 percent upfront payment. Each warrant can be converted into one equity share of Rs 1 face value within 18 months by paying the remaining Rs 5.25 per warrant. No immediate change in paid-up equity capital.
Potential equity dilution within 18 months if warrants convert. Rs 8.31 crore raised upfront without immediate share dilution.