Akme Fintrade (India) Capital Structure Change
Akme Fintrade (India) Limited announced the lapse and forfeiture of 20,00,000 convertible warrants. The company forfeited the 25% upfront subscription amount totaling ₹5.55 Crore.
- Value
- ₹5.55 Cr
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Akme Fintrade (India) Limited announced the lapse and forfeiture of 20,00,000 convertible warrants. The company forfeited the 25% upfront subscription amount totaling ₹5.55 Crore.
Akme Fintrade (India) Limited allotted equity shares via preferential issue. The allotment increased the paid-up share capital.
Subhash Phootarmal Rathod and PACs increased their stake in Akme Fintrade to 15.008%. The acquisition involved open market purchases and warrant conversions.
Akme Fintrade (India) Limited approved increasing authorized share capital from 50 crore to 60 crore equity shares. This expansion supports future fund raising and growth plans.
Akme Fintrade allotted 40,00,000 equity shares following warrant conversions valued at Rs. 4.44 Crore. The allotment follows a prior stock split and preferential issuance.
Akme Fintrade allotted 1,00,00,000 equity shares via a preferential issue at Rs.7 per share. The Rs.7.0 crore capital infusion increases paid-up capital to 43,67,49,960 shares.
Akme Fintrade allotted equity shares via warrant conversion totaling ₹7.75 Crore. The board also approved increasing authorized share capital to ₹60 Crore.