Corporate Action2 May 2026, 01:01 pm
Odyssey Corp Converts 78.5 Lakh Warrants to Equity Shares
AI Summary
Odyssey Corporation Ltd's Board of Directors approved the conversion of 78,50,000 convertible warrants into 78,50,000 equity shares at a conversion price of ₹14 per share. The warrants were converted into equity shares of face value ₹5 each, allotted to the company's promoters, following SEBI regulations and the Companies Act, 2013. The meeting concluded at 12:10 P.M. on May 02, 2026.
Key Highlights
- Odyssey Corp converts 78,50,000 warrants into equity shares.
- Each warrant converted to one equity share at ₹14 per share.
- Equity shares allotted to promoters after full subscription.
- Total allotment amounts to ₹8,24,25,000 at a premium of ₹9 per share.
- Conversion approved as per SEBI ICDR Regulations and Companies Act, 2013.
Price Impact
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