Active Clothing Co Limited Board Clears ₹23 Cr Fund Raise via Warrants
Mohali [India], January 28: Active Clothing Co limited, (BSE – 541144), India’s one of the leading design-to-shelf platforms, specializing in flat-knitted sweaters, jackets, and circular-knitted apparel for global fashion brands, has announced the approval of a preferential issue of warrants by its Board. The Board has approved the issue of up to 20,00,000 warrants, each convertible into or exchangeable [...]
Mohali [India], January 28: Active Clothing Co limited, (BSE – 541144), India’s one of the leading design-to-shelf platforms, specializing in flat-knitted sweaters, jackets, and circular-knitted apparel for global fashion brands, has announced the approval of a preferential issue of warrants by its Board.
The Board has approved the issue of up to 20,00,000 warrants, each convertible into or exchangeable for one fully paid-up equity share of the Company having a face value of ₹10 each. The warrants will be issued at a price of ₹115 per warrant, payable in cash, aggregating to a total amount of up to ₹23 Cr.
The preferential issue will be made to promoters, members of the promoter group, and non-promoter investors. Of the total warrants proposed to be issued, 50% will be allotted to the promoters and promoter group, while the remaining 50% will be allotted to non-promoter investors.
