SMC Global Securities Limited Approves Preferential Issue of Convertible Warrants
1 report, 1 independent
Updated Oct 14
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What happened
The Board of Directors of SMC Global Securities Limited approved the issuance of up to 10 million Fully Convertible Warrants on a preferential basis to non-promoter entities. Mahesh Kumar was listed as one of the allottees, receiving up to 4,200,000 warrants. These warrants allow the holder to subscribe to one equity share within 18 months of the allotment date.
From equitybulls.com
Why it matters
The preferential issue is set to raise up to ₹106 Crores from the sale of warrants, which are issued at a price of ₹106 per warrant. This transaction affects the company's capital structure and provides a mechanism for future equity subscription.
From equitybulls.com
Who's involved
- Mahesh KumarIndian politician and allottee of warrants
- Central Water CommissionGovernment agency where Mahesh Kumar holds a director position
- DhemajiHuman settlement related to an assessment team Mahesh Kumar participated in
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The entities involved
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Mahesh Kumar
Indian politician
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