Key Points
Ace investor and Atul Auto Director Vijay Kedia has raised another 7.05 per cent stake in three-wheeler maker Atul Auto by converting warrants into equity shares..
With this, Kedia's stake in the smallcap auto stock has gone up to 8.43 per cent from 1.5 per cent held earlier..
The ace investor has acquired 16,83,502 equity shares of the auto company on 15 March, as per a regulatory filing..
Atul Auto had allotted 50,50,505 fully convertible warrants at a price of 198 per share to the value investor in October 2022..
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