Ace Investor Mukul Mahavir Agrawal to invest in preferential issue of ASM Technologies Ltd

The Board of Directors of ASM Technologies Limited at its meeting held today i.e. 11th February 2024 has, considered and approved the issue up to 8,00,000 (Eight Lakhs) Equity Shares of face value Rs. 10/- (Rupees Ten Only) each ("Equity Shares") for cash at a price of Rs. 470.70/- (Rupees Four Hundred Seventy and Seventy paisa only) per equity share including a premium of Rs. 460.70/- (Rupees Four Hundred Sixty and Seventy paisa only) per equity share for aggregating upto Rs. 37,65,60,000/- (Thirty Seven Crores Sixty Five Lakhs Sixty Thousand only) and 28,14,390 (Twenty Eight Lakhs Fourteen thousand Three Hundred and Ninety) warrants, each convertible into 01 (One) fully paid-up equity share of the Company of face value of Rs. 10/- (Ten only) each ("Warrants") at a issue price of Rs. 470.70/- (Rupees Four Hundred Seventy and Seventy paisa only) including a premium of Rs. 460.70/- (Rupees Four Hundred Sixty and Seventy paisa only) per warrant for an amount up to Rs. 1,32,47,33,373/- (One Hundred Thirty Two Crores Forty Seven Lakhs Thirty Three Thousand Three Hundred and Seventy Three only) payable in cash ("Warrants Issue Price") to the below mentioned investors ("Proposed Allottees"), at the price determined in accordance with Chapter V of the SEBI (ICDR) Regulations on such terms and conditions, as Board may deem fit in its absolute discretion ("the Preferential Issue of Specified Securities").

Mukul Mahavir Agrawal - Non-promoter - 7,62,500 Equity Shares (Rs. 35,89,08,750/-) and 7,62,500 Warrants (Rs. 35,89,08,750/-).

Hardik Agrawal - Non-promoter - 12,500 Equity Shares (Rs. 58,83,750/-) and 12,500 Warrants (Rs. 58,83,750/-).

Viay Khetan - Non-promoter - 10,000 Equity Shares (Rs. 47,07,000/-) and 10,000 Warrants (Rs. 47,07,000/-).

Krimali Bhavin Thakkar - Non-promoter - 5,000 Equity Shares (Rs. 23,53,500/-) and 5,000 Warrants (Rs. 23,53,500/-).

Madhukeshwar Desai - Non-promoter - 5,000 Equity Shares (Rs. 23,53,500/-) and 5,000 Warrants (Rs. 23,53,500/-).

Madhu Kashyap L C - Non-promoter - 5,000 Equity Shares (Rs. 23,53,500/-) and 5,000 Warrants (Rs. 23,53,500/-)

Ajeet Modi - Non-promoter - 51,000 Warrants (Rs. 2,40,05,700/-)

Aaryavardhan Modi - Non-promoter - 51,000 Warrants (Rs. 2,40,05,700/-)

Ajeet Modi HUF - Non-promoter - 51,000 Warrants (Rs. 2,40,05,700/-)

S Rabindra - Promoter - 17,61,390 Warrants (Rs. 82,90,86,273/-)

R Preeti - Promoter - 1,00,000 Warrants (Rs. 4,70,70,000/-)

Further, the minimum amount of Rs. 118/- (One Hundred Eighteen only) which is equivalent to 25% (Twenty-five percent) of the Warrants Issue Price shall be paid at the time of subscription and allotment of each Warrant.

Each Warrant will be convertible into, 1 (one) fully paid-up equity share of the Company of face value of Rs. 10/- (Rupees Ten Only), which may be exercised in one or more tranches during a period of 18 (eighteen) months commencing from the date of allotment of Warrants.

Shares of ASM TECHNOLOGIES LTD. was last trading in BSE at Rs. 766.85 as compared to the previous close of Rs. 639.05. The total number of shares traded during the day was 210424 in over 3989 trades.

The stock hit an intraday high of Rs. 766.85 and intraday low of 716.00. The net turnover during the day was Rs. 157866675.00.

Source : Equity Bulls

Keywords

ASMTECHNOLOGIES INE867C01010 PreferentialIssue AceInvestor EquityShares ConvertibleWarrants MukulMahavirAgrawal