Ace investor and Atul Auto director Vijay Kedia has acquired another 7.05 per cent stake in three-wheeler maker Atul Auto by converting warrants into equity shares. With this, Kedia’s stake in smallcap auto shares has increased to 8.43 per cent from 1.5 per cent earlier.
the ace investor As per the regulatory filing, it has acquired 16,83,502 equity shares of the auto company on March 15.
Atul Auto allotted 50,50,505 fully convertible warrants 198 per share to the value investor in October 2022. can be converted into warrant common share Within 18 months from the date of allotment.
Trendlyne has average broker target on this scrip 318.33, which means down 0.77(-) percent.
Atul Auto shares closed down 0.34 percent. 321.95 on the NSE on Friday. The market cap of the firm increased 705 crores. The stock has reached its 52-week high 397.7 and 52 week low on Feb 17, 2023 145.1 on June 21, 2022.
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