Orient Tradelink Ltd — Others, 07-04-2025: This is to inform all stakeholders that Board of Directors in their meeting held today has allotted 43,30,000 Convertible Warrants to Non Promoters pursuant to Preferential Issue
07-04-2025 · 08:09 pm
Orient Tradelink Ltd has announced a board meeting outcome, approving the allotment of 43,30,000 fully convertible warrants on a preferential basis to specified investors at an issue price of Rs 16 per warrant. The total amount raised through this allotment is Rs 1.77 crore. Each warrant can be converted into one equity share at a later date upon payment of the remaining consideration of Rs 12 per warrant. This strategic move is aimed at raising capital to support operational expansion and enhance shareholder value. Investor sentiment may see a positive outlook due to increased financial flexibility and funding for growth initiatives.
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