CCAVENUENSEAvenuesAI LimitedMediumNeutral
Announced Tue, 10 Feb · 16:38 IST

AvenuesAI Limited has informed the Exchange about Conversion of 79,41,270 Partly Paid-up Equity Shares of the Company into Fully Paid-Up Equity Shares upon receipt of the Final Call Money.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

AvenuesAI Limited has converted 79,41,270 partly paid-up equity shares into fully paid-up equity shares after receiving the final call money from shareholders. This means the last installment on these shares has been paid and they now carry complete voting and dividend rights. The company's share capital structure is now fully paid with respect to these shares. This is a routine completion of a previously announced partly paid-up share issuance (typically from a rights issue).

Likely market impact

This is a procedural corporate action that completes the share issuance process and does not involve any fresh fundraising or dilution. Shareholders holding these shares now enjoy full economic rights. No material impact on the stock price is expected.