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The latest announcement is out from Markolines Pavement Technologies Limited ( (IN:MARKOLINES) ).
Markolines Pavement Technologies Limited has approved the conversion of 40,000 convertible warrants into 40,000 equity shares at a face value of Rs.10 and a conversion price of Rs.165 per share, following receipt of the full subscription amount. The new equity shares have been allotted to a non-promoter, indicating a completed capital-raising step that modestly expands the company’s equity base and may diversify its shareholding structure.
More about Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited, formerly known as Markolines Traffic Controls Ltd., operates in the infrastructure and road engineering sector, with a focus on pavement technologies and related services. The company is based in Navi Mumbai, Maharashtra, and is listed on both BSE and the National Stock Exchange of India under the symbol MARKOLINES.
Average Trading Volume: 29,655
Technical Sentiment Signal: Buy
Current Market Cap: 3.45B INR
See more insights into MARKOLINES stock on TipRanks’ Stock Analysis page.