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The latest announcement is out from Indo Thai Securities Limited ( (IN:INDOTHAI) ).
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 from Rs 10 to Re 1 per share and receipt of the remaining 75% of the issue price from a single warrant holder. The Preferential Allotment Committee has allotted these 200,000 shares on a pari-passu basis with existing equity, increasing non-promoter investor Ashu Bishnoi’s holding to 200,000 shares, and further reinforcing the company’s equity base in line with shareholder approvals and stock exchange clearances, with modest dilution to existing shareholders.
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, offering equity trading and related investment services to retail and institutional clients through its listings on BSE and NSE.
Average Trading Volume: 67,026
Technical Sentiment Signal: Buy
Current Market Cap: 31.12B INR
Learn more about INDOTHAI stock on TipRanks’ Stock Analysis page.