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An update from Nibe Ltd. ( (IN:NIBE) ) is now available.
NIBE Limited, a company involved in the industrial sector, has announced the allotment of 204,705 equity shares following the conversion of convertible warrants. This action, approved by the Board of Directors, increases the company’s paid-up equity share capital from Rs. 14,29,65,680 to Rs. 14,50,12,730. The shares, issued at Rs. 510 each, were allotted to the promoter on a preferential basis, reflecting a strategic move to enhance the company’s capital structure.
More about Nibe Ltd.
YTD Price Performance: -15.22%
Average Trading Volume: 26,386
Current Market Cap: 20.31B INR
For an in-depth examination of NIBE stock, go to TipRanks’ Stock Analysis page.