Description
BSE announces listing of 1,46,73,782 new equity shares of AKI India Limited issued through warrant conversion, effective August 7, 2025.
Summary
BSE has announced the listing of 1,46,73,782 new equity shares of AKI India Limited (Scrip Code: 542020) effective from August 7, 2025. These shares were issued through conversion of warrants on a preferential basis to promoters and non-promoters at Rs. 18.71 per share.
Key Points
- 1,46,73,782 equity shares of Rs. 2/- each issued at premium of Rs. 16.71
- Issue price: Rs. 18.71 per share
- Allotment date: June 9, 2025
- Trading commencement: August 7, 2025
- Shares rank pari-passu with existing equity shares
- ISIN: INE642Z01026
Lock-in Details
- 30,00,000 shares locked until March 5, 2027
- 74,16,782 shares locked until March 5, 2026
- 42,07,000 shares locked until March 5, 2027
- 50,000 shares locked until March 5, 2026
Important Dates
- Allotment Date: June 9, 2025
- Trading Start Date: August 7, 2025
- Lock-in Expiry: March 5, 2026 and March 5, 2027 (various tranches)
Impact Assessment
The listing represents significant equity dilution for AKI India Limited with over 1.47 crore new shares entering the market. The staggered lock-in periods until 2026-2027 will limit immediate trading liquidity, with the majority of shares having extended lock-in periods that may affect stock price discovery and volatility.
Impact Justification
Significant equity dilution of 1.47 crore shares with lock-in provisions affecting trading liquidity