Akanksha Power and Infrastructure Ltd. Allots 10.62 Lakh Equity Shares at ₹144 Each

Team Finance Saathi

22/Jan/2025

What's covered under the Article:

Akanksha Power and Infrastructure Ltd. has allotted 10.62 lakh equity shares at ₹144 each on a preferential basis.
The company’s paid-up equity share capital rises to ₹19.58 Crore after the allotment.
Detailed share allotment and post-allotment ownership distribution are provided in the board meeting outcome.

Akanksha Power and Infrastructure Ltd., a leading company in the power and infrastructure sector, has successfully completed its equity share allotment as part of its business expansion. On January 17, 2025, during their board meeting, the company allocated a total of 10.62 lakh equity shares with a face value of ₹10 each, priced at ₹144 per share (including a premium of ₹134 per share) on a preferential basis. The allotment was done as per the special resolution passed by the shareholders during the Extra Ordinary General Meeting held on October 26, 2024.

The new allotment will result in the company's paid-up equity share capital increasing to ₹19.58 Crore, with a total of 19,580,520 equity shares now in circulation. These allotted shares will rank pari-passu with the existing shares of the company, and they will be listed on the National Stock Exchange (NSE).

This allotment marks an important milestone for Akanksha Power and Infrastructure Ltd. as it continues its growth trajectory within the power and infrastructure industries. The details of the allotment and post-allotment effects are included in the attached Annexure I, which outlines the individual shareholding of each allottee. Notably, a number of non-promoter entities have been allotted shares, expanding the diversity of Akanksha Power's investor base.

The company's equity share capital has seen significant growth, and this capital infusion is expected to further strengthen the company’s operations and business strategies. The increase in capital will provide Akanksha Power with additional funds for its ongoing and upcoming projects, enhancing its position in the market.

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Akanksha Power and Infrastructure Ltd. Allots 10.62 Lakh Equity Shares at ₹144 Each

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