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Indo Thai Securities Limited ( (IN:INDOTHAI) ) has issued an announcement.
Indo Thai Securities Limited has approved the conversion of 20,000 equity convertible warrants into 200,000 equity shares of face value Re 1 each, following a prior stock split that reduced the face value from Rs 10 to Re 1 per share. The shares, allotted at an effective price of Rs 37.5 per share upon receipt of the remaining 75% of the issue price from a non-promoter investor, Ashu Bishnoi, are pari passu with existing equity and marginally expand the company’s equity base and non-promoter shareholding, reflecting continued investor interest following shareholder and exchange approvals for the preferential issue.
More about Indo Thai Securities Limited
Indo Thai Securities Limited operates in India’s financial services sector as a securities brokerage and capital markets intermediary, with its equity shares listed on both BSE Limited and the National Stock Exchange of India under the symbol INDOTHAI.
Average Trading Volume: 67,026
Technical Sentiment Signal: Buy
Current Market Cap: 31.12B INR
For a thorough assessment of INDOTHAI stock, go to TipRanks’ Stock Analysis page.