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Black Box Limited ( (IN:BBOX) ) has shared an update.
Black Box Limited has announced the allotment of 60,752 equity shares following the conversion of warrants, as part of a larger issuance of 92,65,215 convertible warrants. This conversion, involving a non-promoter allottee, Ushma Mehta, has increased the company’s issued capital, reflecting a strategic move to strengthen its financial base. The new shares will rank equally with existing shares, and the company still has 73,90,018 warrants outstanding for future conversion, indicating potential further capital expansion.
More about Black Box Limited
Black Box Limited operates in the technology sector, focusing on providing advanced communication and IT solutions. The company is known for its innovative products and services that cater to a diverse range of industries, enhancing connectivity and operational efficiency.
Average Trading Volume: 36,069
Technical Sentiment Signal: Strong Buy
Current Market Cap: 94.31B INR
For detailed information about BBOX stock, go to TipRanks’ Stock Analysis page.