This is to inform all the Stakeholders that Board of Directors in their Meeting held today has allotted 21,00,000 convertible warrants to Non Promoters at the issue price of RS 16/-
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orient Tradelink Ltd's Board of Directors approved the allotment of 21 lakh convertible warrants to non-promoter entities at an issue price of Rs 16 per warrant. These warrants can be converted into equity shares of the company at a later date as per the terms of the issue. The company is raising capital from non-promoter investors through this warrant route, which typically involves an upfront payment of a portion of the price with the balance payable at the time of conversion.
Existing shareholders may face equity dilution when these warrants are eventually converted into shares. The Rs 16 warrant price is a key benchmark — if the market price is significantly higher, the issue is dilutive; if lower, it could signal fund-raising at favourable terms for the company.