Athena Global Technologies Limited announced a private placement of 650,000 share warrants on preferential basis on December 4, 2023. The warrants are convertible into equal number of equity shares subject to the approval of shareholders. The price of warrants shall be determined in accordance with provisions of chapter V of SEBI.

The transaction has been approved by the board of directors through a special resolution and is subject to approval of shareholders of the company. The transaction will include participation from individual investor Karthikeya Manchala for 650,000 share warrants.