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TIL Limited's board approved the conversion of 3,750,000 convertible warrants into an equal number of equity shares of Rs. 10 each, upon full payment. This preferential issue to M/s. TIL Global Private Limited at Rs. 160 per share increases the company's paid-up equity share capital from Rs. 66.60 Crore to Rs. 70.35 Crore. The company will seek listing for these newly issued shares, strengthening its equity base.