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TRANSTEEL's fund-raising committee has approved the conversion of 7,85,000 warrants into an equal number of equity shares. These shares were issued to non-promoter public investors at an issue price of Rs. 80 per share, including a Rs. 70 premium. The company received the balance amount of Rs. 4.71 Cr (75% of the issue price per warrant) for this conversion. Following this allotment, TRANSTEEL's issued and paid-up capital has increased to Rs. 23.67 Cr, comprising 2,36,67,010 equity shares. An additional 13,31,500 warrants remain outstanding for potential future conversion.
All announcements from Transteel Seating Technologies Limited