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TIL Ltd. ( (IN:TIL) ) has issued an announcement.
TIL Limited’s board has approved the conversion of 3,750,000 convertible warrants into an equal number of equity shares of Rs. 10 each on a preferential basis to TIL Global Private Limited, following receipt of the full remaining consideration. As a result, the company’s paid-up equity share capital will rise from Rs. 66.60 crore to Rs. 70.35 crore, modestly strengthening its equity base and potentially enhancing financial flexibility, with the new shares to be submitted for listing on the stock exchanges.
More about TIL Ltd.
TIL Limited is an India-based listed company headquartered in Kolkata and engaged in industrial and engineering businesses, with its equity shares traded on the National Stock Exchange of India, BSE and the Calcutta Stock Exchange.
Average Trading Volume: 1,195
Technical Sentiment Signal: Hold
Current Market Cap: 14.57B INR
Learn more about TIL stock on TipRanks’ Stock Analysis page.