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Rollatainers Limited Secures Approval for Significant Warrant Issuance

Story Highlights
  • Rollatainers Limited received approval to issue 11,76,47,070 convertible warrants.
  • The issuance targets non-promoters, potentially altering the company’s market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rollatainers Limited Secures Approval for Significant Warrant Issuance

The latest update is out from Rollatainers Limited ( (IN:ROLLT) ).

Rollatainers Limited has announced that it has received ‘In-Principle’ approval from BSE Limited and NSE Limited for the issuance of 11,76,47,070 warrants. These warrants are convertible into an equal number of equity shares at a price not less than Rs. 1.70 each, and will be issued to non-promoters on a preferential basis. This move could potentially impact the company’s capital structure and market positioning by bringing in new investors and possibly enhancing liquidity.

More about Rollatainers Limited

YTD Price Performance: -27.93%

Average Trading Volume: 113,107

Current Market Cap: 400.2M INR

For a thorough assessment of ROLLT stock, go to TipRanks’ Stock Analysis page.

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