Avro India Capital Structure Change
Avro India Limited announced the forfeiture of 3,23,450 convertible warrants due to non-payment of the final 75% subscription amount. The company retains ₹1.50 Crore previously collected.
- Value
- ₹1.50 Cr
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Avro India Limited announced the forfeiture of 3,23,450 convertible warrants due to non-payment of the final 75% subscription amount. The company retains ₹1.50 Crore previously collected.
Avro India Limited got NSE and BSE approval to list 1,060,900 preferential shares at Rs.12.72 each, raising about ₹0.00135 Crore. Trading starts July 3 2026.
Avro India Limited has allotted 1,06,090 equity shares following the conversion of warrants previously issued in October 2024. The shares were issued at Rs. 127.25 each, representing a total transaction value of ₹1.35 Crore. This exercise increases the company's paid-up share capital to 1,34,17,140 shares.
Avro India Ltd allotted 1,06,090 equity shares worth ₹1.35 Crore following the conversion of warrants by four non-promoter holders. Concurrently, the company forfeited 4,24,361 warrants due to non-payment of the balance 75% subscription amount within the eighteen-month period. This increases the company's paid-up equity capital to ₹13.42 Crore.