ALPHA TRIBE

AMBANI ORGOCHEM LIMITEDQIP/Rights/Pref., 20-02-2025: Allotment of Securities

20-02-2025 | 12:20 pm

Ambani Orgochem Limited has approved the allotment of 12,60,000 warrants to non-promoter investors on a preferential basis, at an issue price of ₹90 per warrant, raising a total of ₹11.34 crore. Each warrant is convertible into one equity share within 18 months, contingent on the holders exercising their conversion rights. The allotment does not change the company’s paid-up equity share capital. This strategic move is aimed at strengthening the company’s equity base and enhancing liquidity for the investors involved.

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