Oriental Rail Infrastructure Ltd — Updates, 29-07-2025: Company Update
29-07-2025 | 03:55 pm
29-07-2025 | 03:55 pm
Oriental Rail Infrastructure Limited's Allotment Committee has allotted 1 Cr equity shares to Mrs. Wazeera S. Mithiborwala, a promoter group member. These shares, with a face value of Re. 1, were issued at Rs. 169 each, including a Rs. 168 premium, following the conversion of 1 Cr convertible warrants. This completes the conversion of all 7.5 Cr warrants originally allotted to Mrs. Mithiborwala, including 6.5 Cr previously converted. This corporate action boosts the company's equity capital and demonstrates a promoter's ongoing investment.
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