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Advait Energy Transitions Raises Capital via Warrant Conversion, Forfeits Unexercised Warrants

Story Highlights
  • Advait Energy Transitions allotted 5,630 equity shares to two non-promoters after warrant conversion, increasing paid-up capital.
  • The company’s share capital rose to about Rs. 10.94 crore, while 2,815 unexercised warrants were forfeited under SEBI rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Advait Energy Transitions Ltd ( (IN:ADVAIT) ) has issued an announcement.

Advait Energy Transitions Ltd has approved the allotment of 5,630 equity shares upon conversion of previously issued warrants by two non-promoter investors, following partial payment of consideration. The newly issued shares rank pari passu with existing equity and raise the company’s paid-up share capital to Rs. 10.94 crore, while 2,815 unexercised warrants have been forfeited in line with SEBI regulations, modestly altering the company’s capital structure and non-promoter ownership mix.

More about Advait Energy Transitions Ltd

Advait Energy Transitions Ltd, formerly Advait Infratech Ltd, operates in the energy transition and infrastructure segment, focusing on solutions that support power and related sectors. The company is listed on BSE and NSE under the symbol ADVAIT, reflecting a capital markets presence that supports its growth and funding needs.

Average Trading Volume: 18,060

Technical Sentiment Signal: Buy

Current Market Cap: 17.69B INR

See more data about ADVAIT stock on TipRanks’ Stock Analysis page.

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