Sellwin Traders Ltd — Important, 28-08-2025: Company Update
28-08-2025 | 05:57 pm
28-08-2025 | 05:57 pm
Sellwin Traders Limited issued an update to its postal ballot notice concerning a preferential issue of convertible warrants. The company plans to issue up to 4.75 crore warrants at ₹8.40 each, aiming to raise approximately ₹39.90 Cr. These funds, totaling ₹40 Cr, will be strategically invested: ₹12 Cr for six new retail stores in its subsidiary, ₹8 Cr for two new jewellery showrooms and bullion stock, ₹10 Cr for overseas ventures in Dubai and USA, and ₹8 Cr for enhancing the parent company's working capital. The remaining ₹2 Cr is allocated for general corporate needs. The board considers this capital raise beneficial for the company and its shareholders.
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