Announced Tue, 27 Oct, 2026 · 18:45 IST
Board approves Rs 425 crore warrant issue to Zollner
AVALON · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The Board approved a private placement of up to 1,937,808 convertible warrants to Zollner Elektronik AG at ₹2,193.20 each, worth up to ₹425 crore. Each warrant converts into one share within 18 months, with 25% payable upfront and 75% on conversion. Zollner would hold 2.82% after full conversion. Shareholders will vote on the proposal on November 21, 2026.
Likely market impact
Existing holders may face dilution if all warrants convert. The company could receive up to Rs 425 crore, subject to approvals and conversion.