Kuber Udyog board approves allotment of equity shares and warrants at ₹23.10 each
Kuber Udyog · Finance
Key highlights
- Board allotted 7,62,85,000 equity shares at ₹23.10 each to Manav Bahri, Dinesh Popli and Ajay Dutta as non-cash consideration for 100% of Golden Ikon Fleet Management Private Limited.
- Board allotted 3,95,50,000 equity shares at ₹23.10 each for cash on a preferential basis to 16 investors other than promoters.
- Board, at its meeting held on October 28, 2026, approved allotment of 37,00,000 fully convertible warrants at ₹23.10 each to 7 investors, convertible into equity within 18 months.
Why it's rated notable: the amount is 24% of market value (20% to 50%)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Allotment
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Kuber Udyog
- Fundraise / allotmentNotableKuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10
- Acquisition / mergerNotableGreen Horizon Fund PCC - Cell 1 acquires 6.39% stake in Kuber Udyog Limited
- Fundraise / allotmentMajor developmentKuber Udyog allots shares for Golden Ikon deal, plus preferential shares and warrants
Other fundraise / allotment filings this fortnight
- Harmony Capital Services receives BSE approval for preferential issue of shares
- SML Mahindra Limited announces Board meeting to approve Rights Issue details
- Dev Labtech Venture Limited approves H1 results for half year ended 30 September 2026
- Richa Info Systems approves fundraising of up to ₹50 crore on Nov 6, 2026
- United Van Der Horst approves Q2 results and proposes ₹20 crore preferential issue
- Chaman Metallics Limited files Draft Letter of Offer for Rights Issue on NSE Emerge
Potential multibaggers · Q2 FY27
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- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.