Afcom Holdings Limited has announced a fresh equity issuance through a preferential allotment, marking a key step in strengthening its capital base. The company’s board has approved the allotment of 7,50,000 equity shares at a price of ₹20 per share, which includes a ₹10 premium over the face value of ₹10.
Details of the Allotment
The preferential issue will raise a total of ₹1.50 crore, subject to regulatory compliance and shareholder approval where applicable. The move is aimed at supporting the company’s strategic and operational requirements, signalling its intent to reinforce financial resources for future growth initiatives.
Summary
Afcom Holdings Limited will raise ₹1.50 crore by issuing 7,50,000 equity shares at ₹20 each through a preferential allotment approved by its board.
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