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Osia Hyper Retail Revises Board Meeting Outcome and Allots Equity Warrants

Story Highlights
  • Osia Hyper Retail Limited revised its board meeting outcome to correct shareholding errors.
  • The company allotted 10,52,25,000 equity warrants, aligning with strategic financial goals.
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Osia Hyper Retail Revises Board Meeting Outcome and Allots Equity Warrants

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Osia Hyper Retail Limited ( (IN:OSIAHYPER) ) just unveiled an announcement.

Osia Hyper Retail Limited announced a revised outcome of its board meeting, rectifying errors related to the pre-issue shareholding of promoters and non-promoters. The board approved the allotment of 10,52,25,000 fully convertible equity warrants to 12 allottees, as part of a larger issuance plan, with no immediate change in the company’s paid-up share capital. This move aligns with the company’s strategic financial planning and regulatory compliance, potentially impacting its market positioning and stakeholder interests.

More about Osia Hyper Retail Limited

Osia Hyper Retail Limited operates in the retail industry, focusing on providing a range of consumer goods through its hypermarket chain. The company is based in Ahmedabad, Gujarat, and aims to cater to the diverse shopping needs of its customers.

YTD Price Performance: -21.30%

Average Trading Volume: 276,228

Current Market Cap: 3.21B INR

See more data about OSIAHYPER stock on TipRanks’ Stock Analysis page.

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