ACI Infocom Approves ₹50 Crore Raise Triggering Mandavia Open Offer

Board approved, subject to shareholder approval, a preferential issue of equity shares for up to Rs 4.9 Cr and 29.48 Cr convertible warrants worth up to Rs 45.1 Cr, triggering an open offer and proposed change in control. Authorized capital will rise to Rs 50 Cr. Objects broaden to aviation, aerospace, defence, explosives and infrastructure.