Alpha Tribe

CWD LtdUpdates, 09-04-2025: Company Update

09-04-2025 · 05:58 pm

CWD Limited's Board has approved the allotment of 5,513 equity shares and 55,120 warrants convertible into equity shares at an issue price of Rs. 907 per share and warrant. The equity shares raised Rs. 50,00,291, while the warrants garnered Rs. 1,24,98,460, representing 25% of their total issue price, with the remaining 75% due upon exercise within 18 months. This capital infusion aims to enhance liquidity and strengthen the company's financial position. Investor sentiment may lean positive as the planned issuance supports growth initiatives, although the near-term impact hinges on the execution of these warrants.

No comments yet. Be the first to comment!

All announcements from CWD Ltd