Orient Tradelink Ltd — Updates, 17-05-2025: Company Update
17-05-2025 | 07:42 pm
17-05-2025 | 07:42 pm
Orient Tradelink Ltd has announced a board meeting on the allotment of 24.5 lakh equity shares at INR 16 each (including a premium of INR 6) upon conversion of warrants to non-promoter investors. This preferential allotment increased the company’s paid-up equity capital from INR 131.65 Cr (13.165 million shares) to INR 156.12 Cr (15.615 million shares). The allotment broadens the public shareholding base, which now constitutes 99.43%, slightly up from 99.32%. This equity infusion supports the company's capital base and could enhance financial flexibility.
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