Aequs Limited granted warrants valued at over Rs 6.5 billion to promoter Mellwood Trustee Services Back

<p>Aequs Limited announced the allotment of 28,071,690 warrants convertible into equity shares on a preferential basis to Mellwood Trustee Services Private Limited, a promoter of the company, for a total subscription amount of Rs 6,499,999,819.50, with Rs 3,250,140,268.20 paid upfront. The issue price per warrant is Rs 231.55, including a premium of Rs 221.55, and the warrants will remain unlisted, with conversion possible on or before December 31, 2027.</p>